Mortgage Rates Decrease Over Last Year; Local Inventory & Sales Down

north phoenix real estate

The number of homeowners listing their property for sale within our tracking zones in 85085, 85086, 85087 and 85083 is down over the same period last year.

With less homes on the market, pending sales and the number of sold homes are also down.

“This is especially true in 85083 where listings are down 11.4 percent and closed sales are down 26.2 percent,” Bryan Crouch with The Crouch Group, eXp Realty, told Valley Vibe. 

Overall, data in our local tracking zones show the number of active homes are down 13 percent over the same period last year. The number of sold homes is down 14 percent, and pending home sales are down 22.2 percent. 

Nationally, existing-home sales decreased by 3.6% month-over-month in March, and were below last year’s pace, according to the National Association of REALTORS®.

“Inventory remains a major constraint on the market,” said NAR Chief Economist Dr. Lawrence Yun. “The inventory-to-sales ratio, or supply-to-demand ratio, is below historical norms,” he added. 

On the mortgage front, rates have declined over the past year, during the same period. “Compared to one year ago when rates were at 6.83 percent, this is a meaningful improvement for homebuyers during what is typically the busy spring homebuying season,” said Sam Khater, Freddie Mac’s Chief Economist. 


Monthly Real Estate Snapshot

30-day totals from 3/16/2026 to 4/15/2026 highlighting the following North Phoenix neighborhoods (area codes 85083,
85085, 85086 & 85087).

North Phoenix NeighborhoodActive ListingsHomes
Under Contract
Homes SoldAverage Days
on Market
Average
Price/

Sq Ft
Average
Sold Price
Amber Hills/Carefree Crossing11121$228$799,000
Anthem Country Club76261893$309$995,106
Anthem Parkside87312766$262$515,940
Anthem 8508741084NA$661,980
Desert Hills155590$385$955,400
Fireside at Norterra2561073$284$629,380
Sonoran Foothills/Sonoran Commons425584$317$759,400
Stetson Hills105339$283$750,054
Stetson Valley217651$262$763,433
Tramonto1991163$262$581,676
Union Park at Norterra20201459$306$631,964

Source Real estate data compiled courtesy of Bryan & Andrea Crouch with The Crouch Group at ExP Realty in phoenix, az. Data retrieved from the MLS for the 3-16-25 to 4-15-26 date range. The information is deemed reliable but may be skewed at time of print.


The Crouch Group of eXp Realty in Phoenix, AZ contributed to this report.