Greater Phoenix saw single-family closed home sales rise 4.7% in April year over year. Compared to national existing-home sales, which declined 1% year over year, the Metro Phoenix housing market closed sales activity was significantly stronger. Despite the positive closed sales results, weaker pending sales numbers point to potential challenges in the months ahead.
“Considering the economic uncertainty dominating headlines in April, it was a strong month for our members helping clients get into new homes,” said Sammy Glassman, board president of Phoenix REALTORS®. “Looking ahead, housing inventory does appear to be tightening, while pending sales may reflect continued consumer hesitation tied to broader economic concerns.”
While closed sales rose, the number of pending sales dropped 31.5% in April compared to April 2025. Through the first four months of 2026, pending sales were down 5.2% from the same period last year. New listings also declined, falling 12.1% year over year in April and 4.3% year to date…