Triple-digit days have taken a grip on the Valley, traditionally signifying the summer seasonal housing market slowdown is upon us.
Locally, the number of active listings in our tracking zones in the zip codes of 85083, 85085, 85086 & 85087 dipped roughly 4 percent over last month, and the number of days homes stayed on the market lengthened from 72 to 81.
But during that same time period, the North Valley experienced a major bright spot— the number of homes that went under contract increased by 27 percent over the previous month.
Nationally, pending home sales in May increased by 3.8% month-over-month and 4.8% year-over-year, according to a report from the National Association of REALTORS®.
“A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up housing demand and consumers’ acceptance of above-6% mortgage rates as the new normal,” said NAR Chief Economist Dr. Lawrence Yun. “Going forward, falling oil prices will help lower mortgage rates,” he added.
Mortgage rates continued to fall in recent weeks. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.81 percent, and the 15-year fixed-rate mortgage averaged 5.96 percent.
“Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve,” said Sam Khater, Freddie Mac’s Chief Economist.
Mortgage Rates
National weekly
average rates as of
June 18, 2026.
15-Year
Fixed-rate
5.71%
30-Year
Fixed-rate
6.36%
Source www.freddiemac.com
North Phoenix Monthly Real Estate Snapshot
30-day totals from 5/16/2026 to 6/15/2026 highlighting the following North Phoenix neighborhoods area codes 85083, 85085, 85086 & 85087).
Total Homes Sold
147
Total Active Listings
48
Average Sold Price
$739,850
Total
Homes Sold
Month-Over-Month
Down 8.16%
Total
Active Listings
Month-Over-Month
Down 4.11%
Pending
Homes Month-
Over-Month
Up 27.16%
Total Combined
Avg.Sale Price
Month-Over-Month
Up 6.92%
| North Phoenix Neighborhood | Active Listings | Homes Under Contract | Homes Sold | Average Days on Market | Average Price/Sq Ft | Average Sold Price |
|---|---|---|---|---|---|---|
| Amber Hills/ Carefree Crossing | 0 | 2 | 0 | 56 | $239.34 | NA |
| Anthem Country Club | 59 | 21 | 19 | 110 | $309.01 | $789,390 |
| Anthem Parkside | 75 | 23 | 30 | 81 | $257.20 | $563,092 |
| Anthem 85087 | 25 | 7 | 5 | 57 | $228.44 | $562,620 |
| Desert Hills | 14 | 5 | 4 | 130 | $415.87 | $1,017,750 |
| Fireside at Norterra | 21 | 12 | 9 | 99 | $269.81 | $706,222 |
| Sonoran Foothills/ Sonoran Commons | 28 | 14 | 8 | 77 | $268.13 | $640,350 |
| Stetson Hills | 7 | 2 | 5 | 54 | $274.06 | $968,000 |
| Stetson Valley | 24 | 9 | 11 | 63 | $279.94 | $729,726 |
| Tramonto | 15 | 4 | 12 | 56 | $239.41 | $581,158 |
| Union Park at Norterra | 18 | 12 | 4 | 118 | $272.98 | $663,750 |
Source Real estate data compiled courtesy of Andrea Crouch with The Crouch Group at ExP Realty in phoenix, az. Data retrieved from the MLS for the 5-16-25 to 6-15-26 date range. The information is deemed reliable but may be skewed at time of print.
Andrea Crouch with The Crouch Group of eXp Realty in Phoenix, AZ contributed to this report.
By Valley Vibe Staff Writers
info@valleyvibenews.com
