Market Update
- Week of May 24, 2026
Weekly snapshot of Phoenix Metro real estate: median prices, listings, mortgage rates, cancellations, and buyer/seller tips
Median List Price
$479,000
Median Sold Price
$470,000
Price per Sq. Ft.
$279
Active Listings
5,916
Days on Market
59
Market Type
Balanced
Mortgage Rate Snapshot
A quick look at current borrowing costs.
30-Year Fixed
6.63%
Weekly change: +16 bps
15-Year Fixed
5.93%
Weekly change: +16 bps
Buyer Tip
Review Disclosures and HOA Documents Carefully
Disclosures, reserve studies, and HOA rules can materially affect the long-term cost and flexibility of ownership. Compare expert guidance at seekingagents.com.
Seller Tip
Prepare Key Documents Before Listing
HOA information, repair receipts, warranties, and utility details can make your home easier for buyers to evaluate. For guidance, visit seekingagents.com.
Market Watch
Home sale cancellations in Phoenix are increasing slightly as buyers hesitate due to high inventory and stabilizing prices, with some deals falling through during inspections.
Source: https://www.redfin.com/city/15324/AZ/Phoenix/housing-market