Phoenix and Scottsdale Market Update: November 2026

Every month I sit down with the latest Phoenix numbers, and this November the story is a quiet but important one: the market is moving toward balance. Prices are holding, buyers have more to choose from than they did a year ago, and homes that are priced and presented well are still selling. Here is what I am seeing and what it means for you.

The Numbers: City of Phoenix, Single-Family Homes

These figures come from the Cromford Report, which draws on ARMLS data, and cover single-family detached homes in the city of Phoenix as of October 17, 2026.

• Median sold price: $490,000 for the month, up 3.3% from $474,550 a year ago. The annual median sits at $485,000, up 1.0%.
• Active listings: 3,293, up 8.0% from a year ago. Excluding homes under contract, the count is 2,943, up 12.1%.
• Months of supply: 3.9, compared with 3.2 a year ago.
• Median days on market (sold): 50 days, versus 58 a year ago.
• Sale price as a share of list price: 97.03%.
• Monthly sales: 763, down 6.0% from a year ago.

What I Take From This

Prices are steady, not slipping. A median up a few percent over twelve months is not a crash and it is not a frenzy. It is a market doing what healthy markets do.

Buyers have room to breathe. With 3.9 months of supply, a buyer can tour a few homes, compare them, and negotiate. Sellers on the other side of that table are accepting about 97 cents on the dollar, so pricing at the front door matters more than it did two years ago.

Demand has cooled a little. Pending listings are down 14.9% from a year ago, and the Cromford Market Index reads 98.9 against 104.7 last year. A reading under 100 leans slightly toward buyers. It is a gentle tilt, not a swing.

One note on method: starting with this October report, Cromford shows days on market as a median rather than an average, so I would not compare those figures directly to older posts.

Scottsdale and the Luxury Tier

Luxury in Scottsdale is not one market, it is three. One local brokerage analysis from early October put the median for homes priced at $2 million and above near $3.4 million. In that analysis, the $2M to $5M range has more inventory and longer days on market, the $5M to $7M range is balanced, and above $7M supply stays limited, with homes often selling near asking. Treat that as directional, since the source did not name its dataset, and ask me for a current ARMLS pull on your specific price band.

What This Means for You

• If you are selling: Price to the current market, not to last spring. Strong photography, clean presentation, and a clear marketing plan are what separate the homes that sell in 50 days from the ones that sit.
• If you are buying: This is a good window to be selective. You have more choice and more negotiating room, especially on homes that have been listed for several weeks.
• If you are investing: Rising supply means better entry points, but run the numbers on each property rather than relying on citywide averages.

Whether you are thinking about a move this winter or just want to know what your home is worth today, I would love to walk through the numbers with you. We are all in this together.

Call or text me at 602-614-6493 or visit WestDesertGroup.com.

Data source: Cromford Report (ARMLS data), City of Phoenix single-family detached homes, as of October 17, 2026, as reported by azandrea.com on October 19, 2026. Scottsdale luxury figures: Cook & Associates, October 8, 2026. Brokered by W and Partner's Luxury Firm.