Phoenix Real Estate and Rental Market Update
June 2026 The Phoenix housing market remained steady in June as inventory continued to trend lower and home values held relatively stable. Buyers continue to
We get your property listed quickly, on the best sites, and offer convenient showing options to shorten vacancy times.
Background checks, landlord references, credit history, and income verification all designed to avoid bad tenants.
Our thorough screening, convenient payment options, and resident satisfaction adds up to a 99% rent collection rate.
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This story is exactly why professional property management exists.
A couple owned a solid townhome in downtown Phoenix. Great asset. Great location. Strong long-term potential.
But life happened.
Eventually… they tapped out.
They listed the property for sale. 6 months. No traction.
So they pivoted: “Let’s rent it again… but do it the right way this time.”
We didn’t do anything flashy. We just executed.
This is what we see every day:
And most importantly, speed matters.
Every extra day on market = lost income + increased risk.
This wasn’t a marketing problem. It wasn’t a bad asset.
It was an operations problem.
Fix those, and everything else gets easier.
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If a Home Ladder resident does not fulfill the full term of the original lease agreement, we will find you a new tenant for free.
Our vendor network provides fast and friendly service for a fair price saving you money as an investor.
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We verify tenants purchase and maintain renters liability protection.
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Since 2012, appreciation rates averaging 8-12% annually.
Focus on maximizing occupancy and rents while minimizing operational expenses.
Depreciation, mortgage interest, and property tax deductions + 1031 exchanges.
Rents and property values outpace inflation.
Borrowing allows you to control a larger asset with less capital.
A balanced retirement portfolio should include real estate.
June 2026 The Phoenix housing market remained steady in June as inventory continued to trend lower and home values held relatively stable. Buyers continue to
Another major high-rise development is officially underway in Midtown Phoenix. Scottsdale-based Empire Group of Companies recently broke ground on The Whitney, a 24-story luxury apartment
Phoenix is still growing faster than most of the country, even if the pace cooled a bit in 2025. Key takeaways: What changed? Other growth
The City of Phoenix has released a comprehensive plan outlining how it intends to prevent and reduce homelessness in the coming years. The strategy builds
🏡 Sales Market Active Listings: 4,094 (-0.9% YoY)→ Inventory is essentially flat year-over-year after several months of growth, signaling a stabilizing supply level Median Sold
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The Phoenix housing market remained steady in June as inventory continued to trend lower and home values held relatively stable. Buyers continue to benefit from more inventory than the pandemic-era market, while sellers are seeing consistent demand for well-priced homes. The rental market also remained healthy, with fewer available listings and faster leasing activity than a year ago.
Phoenix continues to move toward a more balanced housing market. Active inventory remains below last year’s levels, giving buyers fewer options than they had throughout much of 2025. Home values have remained remarkably stable, declining just 0.3% year over year, while homes continue to sell in less than two months on average.
Phoenix’s rental market remains competitive despite modest rent adjustments. Available rental inventory continues to decline, while homes are leasing faster than they were a year ago. Although rents remain slightly below 2025 levels, strong tenant demand continues to support healthy occupancy for well-maintained, competitively priced properties.
Phoenix continues to demonstrate the resilience that has made it one of the country’s strongest long-term real estate markets. Declining inventory, stable home values, and consistent buyer demand point to a healthy sales market despite elevated mortgage rates. For rental property owners, shrinking inventory and faster leasing times indicate continued tenant demand, even as rents remain modestly below last year’s highs. Heading into the second half of 2026, Phoenix remains an attractive market for homeowners, investors, and buyers seeking long-term opportunities.
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Active Listings: 4,178 (-7.9% YoY)
→ Inventory continues to tighten across Phoenix, giving buyers fewer choices than they had a year ago and signaling a healthier supply environment.
Median Sold $/SF: $275.75 (-1.8% YoY)
→ Home prices remain only slightly below last year’s levels, suggesting the market has largely stabilized after the pricing adjustments seen throughout 2025.
Average Days on Market: 49 (No Change YoY)
→ Homes are selling at virtually the same pace as last year, reflecting a balanced market despite higher borrowing costs.
30-Year Mortgage Rate: 6.52%
→ Mortgage rates increased in May, remaining the biggest obstacle to affordability for many buyers.
Active Listings: 1,462 (-7.1% YoY)
→ Rental inventory remains below last year’s levels, continuing the tightening trend that has developed over the past several months.
Median Rented $/SF: $1.43 (-5.3% YoY)
→ Rental pricing softened compared to last year, giving renters slightly more negotiating power despite reduced inventory.
Median Days on Market: 40 (+14.3% YoY)
→ Rentals are taking longer to lease than they did a year ago, indicating renters remain selective and value-conscious.
Phoenix’s May housing market continues to move toward a healthier balance. The sales market has tightened considerably compared to last year, with fewer homes available and prices remaining relatively stable despite higher mortgage rates. Buyer demand has held steady, as evidenced by unchanged selling times. The rental market tells a slightly different story: inventory has declined, but rents remain below last year’s levels and leasing is taking longer, suggesting renters are still highly price-sensitive. Overall, Phoenix remains a balanced market where affordability continues to be the primary driver of both buying and renting decisions.
Active Listings: 4,196 (-4.1% YoY)
→ Inventory continues to tighten compared to last year, signaling a healthier supply environment after the elevated inventory conditions seen throughout much of 2025.
Median Sold $/SF: $283.57 (+2.2% YoY)
→ Home prices have officially turned positive year-over-year, a strong signal that Phoenix’s sales market is regaining pricing momentum.
Average Days on Market: 48 (-5.9% YoY)
→ Homes are selling faster than last year, indicating stronger buyer activity and improving market confidence.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March’s spike, helping provide buyers with a modest affordability boost.
Active Listings: 1,398 (-4.8% YoY)
→ Rental inventory remains below last year’s levels, continuing the tightening trend that has developed this spring.
Median Rented $/SF: $1.47 (-2.6% YoY)
→ Rental pricing remains slightly below last year, though the pace of decline has moderated significantly.
Median Days on Market: 33 (+4.7% YoY)
→ Rentals are taking only slightly longer to lease than last year, suggesting relatively healthy renter demand despite softer pricing.
Phoenix’s April market is showing some of the strongest improvement signals we’ve seen in months. The sales market has clearly strengthened, with tighter inventory, rising home prices, and faster selling timelines all pointing toward renewed buyer confidence. The rental market is also becoming healthier, with tighter supply and relatively stable leasing activity, though rents remain slightly below last year’s levels. Overall, Phoenix appears to be shifting firmly into a more balanced—and increasingly competitive—spring market.