November 2025 STAT Report

The November 2025 ARMLS data shows the Greater Phoenix housing market continuing to normalize, with clear signals of balance returning. The average sales price sits at $585,876, while the median sales price remains steady at $450,000, indicating price stability rather than sharp correction. Homes are taking longer to sell, with average days on market increasing to 84 days and median days on market at 59, reinforcing the importance of pricing and presentation. Inventory remains elevated with 24,394 active listings, pushing months of supply up to 4.63, while the absorption rate has dipped to 21.6%, confirming reduced urgency among buyers. New listing prices remain strong, but the data overall reflects a market driven more by fundamentals than frenzy as Phoenix heads into the final stretch of the year.