2026 Phoenix Housing Market Outlook

Phoenix is heading into 2026 with a market that feels a lot healthier and more predictable than the roller coaster of the early 2020s. Sales have climbed from the post pandemic slowdown, rates have been steady enough for buyers to plan, and inventory is slowly loosening which means more choices and more negotiating power.

This is not a boom and it is not a crash. It is a recalibration. Buyers can negotiate again, concessions are back in many price ranges, and the market feels more balanced. Under $1 million pricing has softened slightly, some mid tier areas are still below their pandemic highs, and condos have had a tougher time as single family homes offer more space for similar prices.

The reason Phoenix keeps holding strong is the economy. The Valley is continuing to add high paying jobs in semiconductors, healthcare, and advanced manufacturing, and that brings in both wage growth and new residents. More high income jobs and continued migration creates a strong foundation that helps support home values over time.

If you are thinking about a move in 2026, even if you are just on the fence, I am here to help. We can talk through timing, neighborhoods, and what makes the most sense for your goals with zero pressure. Just reach out anytime.

Natalie Fricke, Realtor

Russ Lyon Sotheby's International Realty

480.748.7885

NatalieFrickeRealtor@gmail.com