Prices did not move. Supply did. This is not a correction, it is a market that has stopped rewarding the wrong price, and most of the pain this year has landed on sellers who tested it.
All areas and property types across Greater Phoenix, as of 15 September 2026. Year-over-year comparisons are against the same date in 2025.
The story is not price. It is participation. Supply is up, sales are down, and the gap between those two lines is the 35% of sellers who listed and never closed. Their homes are still theirs.
Your first three weeks decide the outcome. The market will not rescue a listing that opens high, and two price reductions cost more than one correct number at launch. One in three sellers found that out the hard way this year. Price it where the data says, not where hope says.
That same 35% is your leverage. A seller sitting sixty days negotiates very differently than one sitting ten, and at 4.7 months of supply you have something you did not have in 2021, which is time. Days on market is now a number worth reading before you write.
Nothing here asks you to act. The annual median is flat at $450,000 and appreciation is 0.0% year over year, so this is a year that neither rewards nor punishes patience. If your plan was to hold for a decade, a flat twelve months is noise. Do not let a headline shorten your timeline.
Cromford Market Index by city, single-family detached, as of 16 September 2026. Above 100 favors sellers, below 100 favors buyers, and the spread from Phoenix to Buckeye is the widest it has been in years.
| City | Market index | Median price | Months supply | Reads as |
|---|---|---|---|---|
| Phoenix | 111.8 | $469,998 | 3.9 | Seller |
| Avondale | 109.3 | $407,500 | 3.7 | Seller |
| Glendale | 107.6 | $450,000 | 3.3 | Seller |
| Peoria | 88.8 | $525,000 | 3.6 | Balanced |
| Goodyear | 76.1 | $474,990 | 4.2 | Buyer |
| Surprise | 70.4 | $424,398 | 4.5 | Buyer |
| Litchfield Park | 64.4 | $523,000 | 4.5 | Buyer |
| Buckeye | 51.1 | $405,000 | 4.5 | Buyer |
Same metro, opposite strategies. A pricing approach that works in Glendale will sit in Buckeye.
These numbers describe 24,637 homes. Yours is one of them, and the only figure that matters to you is what a buyer will pay for your block, in your price band, this month.
Prices did not move. Supply did. This is not a correction, it is a market that has stopped rewarding the wrong price, and most of the pain this year has landed on sellers who tested it.
All areas and property types across Greater Phoenix, as of 15 September 2026. Year-over-year comparisons are against the same date in 2025.
The story is not price. It is participation. Supply is up, sales are down, and the gap between those two lines is the 35% of sellers who listed and never closed. Their homes are still theirs.
Your first three weeks decide the outcome. The market will not rescue a listing that opens high, and two price reductions cost more than one correct number at launch. One in three sellers found that out the hard way this year. Price it where the data says, not where hope says.
That same 35% is your leverage. A seller sitting sixty days negotiates very differently than one sitting ten, and at 4.7 months of supply you have something you did not have in 2021, which is time. Days on market is now a number worth reading before you write.
Nothing here asks you to act. The annual median is flat at $450,000 and appreciation is 0.0% year over year, so this is a year that neither rewards nor punishes patience. If your plan was to hold for a decade, a flat twelve months is noise. Do not let a headline shorten your timeline.
Cromford Market Index by city, single-family detached, as of 16 September 2026. Above 100 favors sellers, below 100 favors buyers, and the spread from Phoenix to Buckeye is the widest it has been in years.
| City | Market index | Median price | Months supply | Reads as |
|---|---|---|---|---|
| Phoenix | 111.8 | $469,998 | 3.9 | Seller |
| Avondale | 109.3 | $407,500 | 3.7 | Seller |
| Glendale | 107.6 | $450,000 | 3.3 | Seller |
| Peoria | 88.8 | $525,000 | 3.6 | Balanced |
| Goodyear | 76.1 | $474,990 | 4.2 | Buyer |
| Surprise | 70.4 | $424,398 | 4.5 | Buyer |
| Litchfield Park | 64.4 | $523,000 | 4.5 | Buyer |
| Buckeye | 51.1 | $405,000 | 4.5 | Buyer |
Same metro, opposite strategies. A pricing approach that works in Glendale will sit in Buckeye.
These numbers describe 24,637 homes. Yours is one of them, and the only figure that matters to you is what a buyer will pay for your block, in your price band, this month.
Figures come from a paid, member-only Greater Phoenix market data service and from ARMLS. All areas and types as of 15 September 2026. City figures are single-family detached as of 16 September 2026. Published monthly. Nothing here is a guarantee of price or timing, and no past edition is edited after publication.