Maricopa Monthly Home Sales Statistics July 2026
| Closings | Jul-26 | Jul-25 | Jun-26 | YoY | YoY % Change | MoM | MoM % Change | |
|---|---|---|---|---|---|---|---|---|
| all | 6,210 | 6,105 | 6,987 | 105 | 1.7% | -777 | -11.1% | |
| new | 1,011 | 1,259 | 1,101 | -248 | -19.7% | -90 | -8.2% | |
| resale | 5,199 | 4,846 | 5,886 | 353 | 7.3% | -687 | -11.7% | |
| New Home Market Share | ||||||||
| 16.3% | 20.6% | 15.8% | -4.3pp | -21.1% | 0.5pp | 3.3% | ||
| Medians | ||||||||
| all | $470,000 | $473,990 | $475,000 | -3,990 | -0.8% | -5,000 | -1.1% | |
| new | $534,999 | $531,577 | $510,640 | 3,422 | 0.6% | 24,359 | 4.8% | |
| resale | $452,000 | $450,000 | $465,000 | 2,000 | 0.4% | -13,000 | -2.8% | |
| Working Days | ||||||||
| 22 | 22 | 21 | 0 | 0.0% | 1 | 4.8% |
July 2026 had 22 working days, the same as July 2025 but one more than June 2026. This means the year-over-year comparison needs no calendar adjustment, while it would be fair to expect about 5% more closings than in June. Total closings came in at 6,210, up 1.7% year-over-year, and because the working days match exactly, that is a genuine gain rather than a calendar effect. Resale closings did all the work, up 7.3%, while new home closings fell substantially by 19.7%. The month-over-month picture is far less encouraging: closings dropped 11.1% despite July’s extra working day, which amounts to a decline of more than 15% once we adjust for the calendar.
New home sales have underwhelmed for several months in succession, and July brought no relief whatsoever. Having favored new homes in 2024 and 2025, buyers have continued to shift toward re-sales during 2026, and the gap is widening rather than closing.
The overall median sales price was $470,000, down 0.8% from July 2025 and 1.1% from June. In nominal terms, we can regard this as close to flat, but once we account for inflation, homes have again become more affordable relative to median earnings. Prices reversed last month’s pattern, with the new home median rising 4.8% month-over-month to $534,999 while the resale median fell 2.8% to $452,000. Given how sharply new home volume dropped, a shift in the mix of new homes that closed toward the high end provides the explanation, rather than genuine price strength among new homes.
New homes accounted for 16.3% of the Maricopa County market in July, down from 20.6% this time last year. That is a 4.3 percentage-point decline, meaning new homes have given up more than a fifth of their market share in twelve months. The one crumb of comfort for builders is that share edged up from June’s 15.8%. We anticipate closing volumes staying soft through August and September, with the median drifting slightly lower in nominal terms, though the usual seasonal change in mix should lend some support to prices from October onwards.