At the end of July, inventory around the county had been dropping. Over the past two months, housing inventory has been relatively stable with just a small increase month-over-month. There are 25,279 active listings across the Phoenix metro area and those listings have been on the market for an average of 96–this is similar to other cities like Scottsdale. Let’s take a close look at what’s going on across the valley.
The chart below shows how the total active listings have changed over the past two years–as you can see, the past two months have shown a slight increase in available inventory.
There are currently 7155 pending sales and 590 “coming soon” listings. When talking about the overall health of the market, a few factors to consider are the number of distressed properties and how those are trending along with the number of expired listings. The chart below shows how the number of expired listings has dropped sharply the past two months.
In the past few months, the number of distressed properties has increased to 345 –this is still a very small number compared to the total number of active listings. From Aug 1, 2025 to Sept 30, 2025, there have been 13,658 closed sales. Here are some MLS stats for recently closed sales:
- Average days on market: 85
- Average sold price per square foot: $282
- Average sold price: $579,235
There are still several cities and towns across the Phoenix metro area that are experiencing weak seller’s markets and there are a handful of balanced markets like Gilbert, Phoenix, Glendale and Mesa. The rest of the cities/towns are experiencing buyer’s markets. We expect that sales activity will be decent over the next month and a half. Thanks for reviewing our Phoenix metro real estate report for October 2025.
