Arizona real estate — week of May 22, 2026

Strength 4 / 5

$480K

Tempe median price -9.1% YoY

Price-per-sqft also -2.3% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$460K

Phoenix median price -5.2% YoY

Price-per-sqft also -3.3% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

86 days

Flagstaff homes taking 86 days to sell — +95.5% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

$965K

Scottsdale avg sale price fell back under $1.0M — now $965K

Dropping back below $1.0M re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.

Strength 4 / 5

$925K

Scottsdale median price -8.7% YoY

Price-per-sqft also -3.2% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

12 listings

Williams new listings +53.8% vs. 5-year average for this month

Sellers are putting materially more inventory on the market than is typical for this time of year — buyers should see more selection and less urgency on well-located homes.

Strength 4 / 5

$262K

Kingman median price -17.1% YoY

Price-per-sqft also -5.2% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$406K

Glendale median price -4.5% YoY

Price-per-sqft also -5.7% YoY, confirming real depreciation vs. mix-shift noise.