Phoenix, AZ Market Kicks Off January 2026 with Strong Listing Activity

Starting the year with robust momentum, Phoenix, AZ presents a market configuration that savvy buyers and sellers will want to watch closely. Kicking off January 2026, active listings reached 15,200, offering one of the highest monthly inventory counts seen in recent quarters. Why does this matter? For buyers, increased inventory equates to more options and greater negotiation leverage, while sellers benefit from renewed buyer interest spurred by new listings and a balanced environment.

Are you curious about which key figures are moving the needle in Phoenix, AZ for January 2026? This bold surge in listings is paired with a median sale price of $418,000, rising 0.7 percent month over month and up 2.4 percent from the previous year. These price increases underscore growing confidence among sellers and signal that value remains stable in a city known for its dynamic real estate cycles. High activity in ZIP codes like 85018 and 85254, with median days on market at just 32, continues to indicate phoenix, az's affordability and draw for newcomers.

January 2026 Inventory and Pricing Trends in Phoenix, AZ

Phoenix, AZ buyers are entering a market where the absorption rate is at 3.1 months, pointing to a healthy supply-demand balance. This is crucial to understanding both pricing strategy and market expectations. Median price per square foot remains at 287, establishing reference points for buyers comparing value across neighborhoods and for sellers aiming to price competitively. Affordable homes in Phoenix, AZ this January 2026 continue to attract strong interest, as evidenced by the rapid movement in sub-350,000 brackets where months of supply sits below 2.3.

Mortgage rates round out the buyer equation, currently averaging 6.6 percent for 30-year fixed loans. In practical terms, a relatively stable rate supports sustained purchasing power, giving buyers clarity and comfort as they navigate listings. Meanwhile, sellers will observe that over-asking transactions have decreased to 19 percent, emphasizing the premium on well-priced properties. Price reductions are noted on 38 percent of listings, which matters as it gives buyers negotiating room and signals to sellers when recalibration may be necessary.

Key Buyer and Seller Strategies for January 2026

Looking to learn how to sell your house fast in Phoenix, AZ? January 2026 presents unique pricing opportunities—median concessions have dropped to $4,200 per sale, compared to $4,800 last quarter, which means offers are becoming cleaner and more direct. Sellers, you will benefit from aligning pricing with current trends to avoid the 38 percent likelihood of a price cut. If you are considering listing in Phoenix, AZ, now is a strong moment to capitalize on buyer motivation driven by new inventory and relatively stable mortgage rates.

Impact of Inventory Growth in Phoenix, AZ

With 5,374 new listings and closed sales at 5,038 in January 2026, buyer and seller activity is robust. For buyers, this breadth translates to choice. For sellers, velocity is good news—listings are moving at an average of 47 days on market, a slight increase that signals a less pressured but still active market.

What Moves the Market in January 2026

In the higher price segments, active luxury condo listings stand at 103 units, with a median price at $619,000. Days on market in the 800,000 plus tier lengthen to an average of 66, providing buyers extra time for decisions. These details are vital for guiding both first-time and seasoned clients through the nuances of Phoenix, AZ real estate this winter. Sellers should sharpen their focus on buyer incentives—29 percent of transactions now include seller credits—while buyers can use this information to negotiate competitive terms.

Is It a Good Time to Buy in Phoenix, AZ?

For those wondering, "is it a good time to buy in Phoenix, AZ?" the balance of inventory and strong yet steady pricing supports a cautiously optimistic yes. With robust list-to-sale ratios in trusted ZIP codes and continued job growth fueling demand, both buyers and sellers will find opportunities to advance their goals in January 2026.

• 15,200 active listings in Phoenix, AZ in January 2026
• Median sale price of $418,000 (+0.7 percent MoM, +2.4 percent YoY)
• Average days on market: 47
• Balanced absorption rate: 3.1 months
• Affordable homes in Phoenix, AZ this January 2026 absorbed the quickest
• Sellers provide credits in 29 percent of transactions

Whether strategizing your move or preparing to list, leveraging market-savvy advice can make the difference. For more Phoenix, AZ perspectives on available homes and pricing, connect with our team for tailored guidance this January 2026.