A RECORD-BREAKING buyer vs seller gap | Phoenix Real Estate Market Update

by Caitlin McKeague

The housing market is showing one of the biggest gaps between buyers and sellers ever recorded—so what does that actually mean for you?

In this week’s Phoenix housing market update, we break down the latest data from Redfin, Mortgage News Daily, and local market insights to understand what’s really happening right now. More sellers than buyers, rising inventory, and mortgage rates climbing again.

We also dive into:

• Why Phoenix is still seeing strong activity despite national trends

• What buyers and sellers should expect this spring

• How long homes are really taking to sell right now

• The impact of rising mortgage rates on affordability

• Two Phoenix-area zip codes ranking among the hottest in the U.S. for migration

Whether you're thinking about buying, selling, or just trying to understand where the market is headed in 2026, this update will give you the clarity you need.