Greater Phoenix housing market update

By Arizona Digital Free Press

Greater Phoenix home sales increased in March, indicating continued market activity despite broader economic and geopolitical uncertainty.

Closed sales across the region rose 10% month over month and were up 4.6% year to date compared with 2025, according to a press release.

“The March data reflects a market where buyers and sellers are still finding ways to get deals done,” said Sammy Glassman, board president of Phoenix REALTORS. “That continued activity points to a level of stability in the Greater Phoenix market, even as conditions continue to evolve.”

While closed sales showed momentum, several forward-looking indicators pointed to potential moderation in coming months. Pending sales declined 27.9% month over month and were down 8.4% year over year. New listings also slowed, falling 3.8% compared with the first quarter of 2025.

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