Phoenix Real Estate May 2026

Buyers have more leverage on homes that have been on the market for an extended period.

A 0.5% increase in existing home sales is projected for 2026 compared to 2025. Key Tips for Buyers

Areas near rail and transit corridors with higher density, mixed-use, and "zero asphalt" projects are becoming more attractive. PHOENIX REAL ESTATE

South Phoenix ($375k median) and Avondale ($380k median) due to infrastructure improvements. Investor Hotspots

(and want more details on the West Valley or BRRRR opportunities)? Buyers have more leverage on homes that have

Glendale ($400k median) and Mesa ($420k median).

As of April 2026, the Phoenix real estate market is settling into a "split" phase, where demand remains strong for well-located, properly priced homes, while overpriced or less desirable properties sit on the market longer. South Phoenix ($375k median) and Avondale ($380k median)

Home values are expected to remain mostly flat, with desirable areas staying strong while others may see slight, localized decreases.