In this post, we’re going to highlight the numbers you need to know about the Maricopa County real estate market, what it means if you’re thinking about buying or selling, and where to get help moving toward your real estate goals this year.

What’s Happening in the Maricopa County Real Estate Market?

• There were 5,269 total sales in November, down 13.1% from October but up 4.4% compared to November 2024.
• The total number of homes available for sale was 24,394, down 4.8% from last month but still 14% higher than a year ago.
• Average sales price was $585,876, essentially flat month-over-month (+0.1%) and up 2.5% year-over-year.
• The average price per square foot was $306.26, basically unchanged from last month and down 1% from last year.
• Median sales price was $450,000, flat month-over-month and year-over-year.
• Average days on market was 84, down slightly from 87 last month but up from 72 a year ago.

According to The Cromford Report, supply took a sharp turn downward in November due to a significant spike in expired and canceled listings — 43% more expirations and 20% more cancellations than a year ago. While demand is still below normal, it is improving: under-contract listings are up 12% year-over-year, and closings were up compared to November 2024 when adjusted for the shorter work month.

Pricing remains stable. The average price per square foot is up 1.6% compared to last year, and Cromford’s forecast calls for prices to rise again into mid-December, supported by better demand and seasonal trends.

What Does This Mean for Phoenix Homeowners and Sellers?

This is the best position sellers have been in since early summer.

• Supply is falling for the first time in several months.
• Demand is trending up thanks to improved interest rates and stronger contract activity.
• Prices are firming, especially in the luxury market, which continues to outperform.

That said, buyers still have more choices than last year, so sellers must remain competitive:

• Price realistically.
• Be prepared to negotiate and offer concessions.
• Ensure your home is “show ready” with strong presentation.

If you are considering selling, this winter could be more favorable than expected.

Interested in selling? Get your FREE Home Value Report here. We’ll show you our proven strategies to help you net more from your sale.

What Does This Mean for Phoenix Home Buyers?

Buyers remain in a strong position overall, even with improving demand:

• Inventory is still higher than last year (+14%).
• Sellers are motivated, especially outside the luxury segment.
• Pricing is stable, and interest rates have eased enough to bring more buyers back into the market.

Affordability is better than last year when adjusted for inflation, and Cromford reports median household earnings rose in 2025 — giving buyers more room to move.

If you're in the market now, you can still negotiate for closing cost help, repairs, and rate buy-downs.

Interested in buying? Sign up for our property search app here.

Conclusion

The bottom line: November brought a meaningful shift. Supply is falling, demand is rising, and pricing is strengthening — especially at the top end. While this is still a buyer-leaning market overall, conditions are becoming more balanced. Buyers continue to have leverage, but sellers are finally seeing signs of improvement heading into year-end.

For the latest numbers and a personalized strategy, reach out today.

Lianne: 602-463-1730 | Jason: 602-909-0673 | team@therfgaz.com

Sources:
ARMLS STAT Report – November 2025
Cromford Report Market Summary – Dec 1, 2025
Cromford Report Mid-Month Forecast – Nov 15, 2025