The market at a glance
October closings in the ARMLS residential data totaled 5,142, compared with 5,883 in September and 6,195 in October 2025, measured the same way. The median sale price was $444,479, about 1.2% below both September and a year earlier. Typical homes sold a little faster: the median time on market was 57 days, compared with 61 days in September.
These figures were calculated by Ivy Realty directly from MLS closed-sale records on November 2, 2026, because the official ARMLS STAT report for October had not been published yet. October counts are preliminary. Closings reported late can raise the total, so month-to-month changes should be read with that in mind. This method also differs from the published STAT tables, so the numbers here should not be mixed with figures from the October edition.
Maricopa County and the wider market
Maricopa County accounted for 3,973 of October's closings, with a median sale price of $465,000, compared with $470,000 in both September and October 2025. The county median runs higher than the marketwide median because the wider ARMLS coverage includes areas with different price ranges.
Conditions still vary by city, property type, price range and the specific homes on the market. A countywide or marketwide median does not tell you what any single home is worth.
What this means for buyers
On November 2 there were 27,785 residential listings in Active status, so buyers have a wide range of options to compare. With fewer October closings than a year ago, ask your agent to review recent comparable sales, how long similar homes have been listed, and any price changes before deciding on offer terms.
The median time on market was 57 days, and the average was 80 days. Some listings take much longer than the typical home to sell. How long a home has been listed is useful context, but on its own it does not show that the home is overpriced or that the seller will offer concessions.
What this means for sellers
Your home competes with every similar listing nearby. Pricing should be based on current comparable sales and active competition, not on a headline figure. Good presentation, accurate property details and quick responses to buyer questions are practical ways to help a listing stand out.
The median sale price slipped slightly in October, while the average rose because of the mix of higher-priced homes that sold. Neither figure means every home gained or lost value, and neither predicts what your home will sell for or how quickly.
Mortgage rates: use a dated benchmark, then get a real quote
Freddie Mac's Primary Mortgage Market Survey reported a 7.24% average for a 30-year fixed-rate mortgage on October 29, 2026, down from 7.32% the week before. The 15-year fixed averaged 6.60%. A year earlier, the 30-year average was 6.17%. This is a national survey of conventional conforming purchase loans. It is not a personalized offer, an Arizona-only rate or an annual percentage rate.
Buyers should ask a licensed mortgage lender for current pricing, qualification requirements and a full payment estimate that includes points, closing costs, taxes, insurance and any HOA dues. This report does not predict future interest rates.
Key takeaways for November
October showed fewer closings, a steady mid-$400,000s median price, plenty of active listings and slightly lower rates at month-end. In this market, comparing specific properties tells you more than general labels about who has the advantage. Buyers have more homes to compare, and sellers benefit from knowing exactly which listings they are competing against.
This November edition uses October closed sales calculated directly from MLS records. Future editions will be published on the 1st of each month using the latest available data, and each edition states its own dates and keeps its own permanent shareable link.