Monthly Market Update

What’s Really Happening (and What It Means for You)

If you’ve been hearing mixed messages about the real estate market, you’re not alone. Headlines can make things sound dramatic, but when we look at the actual data, the story is much more balanced.

Here’s what happened in April 2026 for single-family homes in Maricopa County—and what it actually means for you as a buyer or seller.

Data sourced from ARMLS for single-family homes in Maricopa County as of 5/1/26. Market data is subject to change.

Inventory Is Up—And That’s Changing the Dynamic

There were 13,849 active homes on the market in April.

What this means:
We’re no longer in that hyper-competitive market where buyers had to rush and waive everything just to win. With more homes to choose from, buyers are slowing down, comparing options, and being more intentional with their decisions.

For sellers, this shift means your home is no longer competing with just a handful of listings—it’s competing with everything else a buyer can choose instead. That’s why pricing and presentation matter more than ever right now.

Fewer New Listings = Less Competition Coming In

We saw 6,574 new listings hit the market, which is slightly down compared to recent months.

What this means:
Some homeowners are holding off on listing, which is actually helping prevent the market from becoming oversaturated.

If you’re thinking about selling, this can work in your favor—because while there are more homes on the market overall, not as many new ones are being added right now.

Buyers Are Still Active—Just More Selective

In April, 5,790 homes went under contract.

What this means:
Buyers haven’t disappeared. They’re still writing offers—but they’re being more thoughtful about which homes they choose.

They’re asking questions like:

• Is this home priced correctly?
• Does it need updates?
• Are there better options available?

Homes that check the boxes are still moving. Homes that don’t… are sitting.

Homes Are Selling—Just Not Instantly

There were 4,847 homes that closed in April, which shows steady activity.

What this means:
The market is still functioning well. Transactions are happening every day. The difference now is speed.

Instead of selling in a weekend, many homes are taking longer—which brings us to one of the biggest shifts…

The 76-Day Market: Why Timing Matters More Now

The average days on market is 76 days.

What this means:
Buyers are taking their time, and that creates a ripple effect.

For sellers:

• The first 2–3 weeks on the market are critical
• If you miss the mark on pricing, you can lose momentum quickly
• Price reductions later often lead to lower final sales prices

For buyers:

• You may have more time to make decisions
• There’s more opportunity to negotiate
• But the best homes are still going quickly

Pricing: Are Homes Still Holding Their Value?

Across different price ranges, homes are selling for about 96%–98% of their list price.

What this means:
We’re not seeing major price drops—but we are seeing more negotiation happening.

This is a big shift from the past few years:

• Buyers are asking for concessions again
• Inspections matter again
• Pricing strategy is everything

Not All Price Points Are the Same

One of the most important things in this report is how different the market looks depending on price range:

• Lower-priced homes: still very competitive
• Mid-range homes: more balanced
• Higher-end homes: more inventory and longer timelines

What this means:
There isn’t just “one market”—there are multiple markets happening at the same time.

That’s why a Zillow estimate or a national headline doesn’t tell the full story. Your home—or the home you want to buy—fits into a very specific segment.

So Where Are We Right Now?

We’re in what I’d call a strategic market.

• Buyers have more options—but still need to move quickly on the right home
• Sellers can absolutely sell—but only with the right pricing and marketing plan

This is not a crashing market.
This is not a peak frenzy market.

This is a thinking market.

My Advice (Based on What I’m Seeing Every Day)

If you’re a seller:
The goal isn’t just to “list your home”—it’s to position it so it stands out immediately. The homes that win right now are the ones that look like the best value on day one.

If you’re a buyer:
You finally have some breathing room—but don’t confuse that with unlimited time. The best homes are still getting attention quickly.

Want to Know What This Means for You Specifically?

Your situation is unique—your home, your timeline, your goals.

If you want:

• A personalized home value
• A strategy to sell in today’s market
• Or a game plan to buy without overpaying

I’m happy to walk you through it—no pressure, just real information.