It is important to note that this is not just a short term surge tied to delayed closings or one off events. In Phoenix, activity has been building steadily over several months.
Purchase applications have trended upward throughout the year, suggesting a gradual return of demand rather than a temporary spike. This kind of slow and steady improvement is often healthier for the market and more sustainable heading into a new year.
For sellers, that means buyers are starting to re engage now, not waiting until spring. Those who list while inventory is still relatively controlled may face less competition and more motivated buyers.
Pending Sales in Phoenix Are Starting to Rise
Another encouraging sign is what is happening with homes under contract. Pending sales across Metro Phoenix have begun to move higher, indicating that buyers are not just looking, they are committing.
An increase in pending sales typically leads closed sales by several weeks or months. This suggests that the momentum building now could carry into early 2026, especially if mortgage rates remain relatively stable.
For homeowners considering a move, this window can be valuable. Listing while buyer demand is improving but before a wave of new listings hits the market can work to a seller’s advantage.
What This Means If You Are Thinking About Selling
Phoenix buyers are paying close attention to value, condition, and pricing, but they are no longer standing completely still. As rates have come down, hesitation is easing and activity is picking up.
Sellers who price realistically, present their homes well, and enter the market while demand is rebuilding may find themselves in a stronger position than those who wait for everyone else to jump back in.
The market does not need to feel like 2021 to work in your favor. It just needs enough motivated buyers to create movement, and Phoenix is starting to see exactly that.