The Valley Year in Review

The Valley Year in Review: What Happened, and What It Means for You

Hey friend — grab something cold (it's still the Valley, after all) and let's catch up, because a lot of folks keep asking me the same nervous question: "Patty, did I miss my window?" Short answer — no. Take a breath.

Here's the honest picture, straight from the closing numbers. This summer, the typical Phoenix home was selling right around $454,700, up about 1% from a year ago — and across Arizona the median was about $428,000, actually a hair lower than last year. Homes are taking around 66 days to sell (a few days quicker than a year ago), there's about five months of supply, and here's my favorite part: homes are closing around 98% of list price, roughly one in five sellers trimmed their price before closing, and only about 13% sold over asking.

Translation? That wild, elbows-out market is over — and honestly, thank goodness. Prices didn't crash and they didn't rocket; they mostly held steady. There are more homes to choose from and enough time to actually think.

If you're buying, oh, I love this for you — room to breathe, room to negotiate, room to ask for things (a repair credit, help with closing costs) that would've gotten you laughed out of the room in 2021. And if you're moving here from out of state — I've been in your shoes, truly — this is a gentler landing than it's been in years.

If you're selling, you can still do beautifully, but the game changed. It's price it right, make it shine, and it'll sell. The homes that linger are usually priced a touch high or need a little love — both fixable.

So if you've been sitting on the fence, let's just talk. No hard sell — I'll pull the real comps for your neighborhood, we'll look side by side, and we'll figure out what makes sense for you. I'm investing myself in your success, and I'd love to help you find the one that loves you back.

— Patty

(Figures reflect Phoenix and Arizona market data as of late summer 2026.)