June 2026 Greater Phoenix Real Estate Market Report

The Greater Phoenix housing market continued to gain momentum in June 2026, with homes sales increasing and median prices remaining strong despite ongoing inventory constraints. Population growth across Maricopa and Pinal counties continues to support housing demand, reinforcing the region's position as one of the nation's fastest-growing real estate markets.

Key Highlights

• Single-family home sales increased 10% year over year, with first-half 2026 sales up 6% compared to the same period in 2025.
• The median home price reached $515,000, up 2% year over year.
• New listings totaled 5,193, slightly above last year, though year-to-date listings remain 3% lower than 2025.
• Maricopa County ranked #2 nationally for five-year population growth, adding more than 244,000 residents between 2020 and 2025.
• Pinal County ranked #16 nationally for five-year population growth, adding more than 109,000 residents.
• Homes under contract increased 7% year over year, signaling continued buyer demand heading into the second half of the year.
• Foreclosure notices increased 33%, while completed foreclosures rose 59% compared to June 2025.

Greater Phoenix continues to benefit from strong population growth, steady buyer demand, and resilient home prices. While inventory remains somewhat constrained and foreclosure activity has increased, rising sales and contract activity suggest the market remains fundamentally healthy as it moves through the summer selling season.

Download the full June 2026 Greater Phoenix Market Report

Market data provided by Fletcher Wilcox | Author of the Wilcox Report

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Author: Arizona School of Real Estate

Arizona School of Real Estate & Business (ASREB) provides licensing, continuing education, and professional development programs for real estate and related industries. Our blog delivers practical insights, industry trends, and educational resources to help professionals build, grow, and advance their careers. View All Posts