Market Updates – October 2026

The Phoenix housing market received a 4 o’clock rating on the Market Clock, placing it in the “late balanced, loosening” category. Neither buyers nor sellers hold a clear advantage. However, market conditions increasingly favor buyers.

Phoenix follows a national trend as homebuyers gain negotiating power. Changes in housing inventory, sales activity, and contracts continue to shift the market in their favor. However, higher mortgage rates limit buyers’ purchasing power. These rising costs could offset the benefits of greater negotiating flexibility.