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Ron Wilczek, Broker #BR518431000
Arizona Regional MLS Housing Inventory January 2026
NOTE:
These reports reflect ONLY the Metro Phoenix geography of Maricopa and Pinal Counites. The Arizona Regional MLS includes Sedona, Tucson, Flagstaff, and other Arizona regions. They are excluded because they skew the statistics from our local area.
Quick Stats
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January began with 19,486 listings, down 1,882 properties from December
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January's listings are 1,329 higher than January of 2025
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January's listings are 148% of the 3-year average
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Though not a significant factor, Foreclosure-type listings are on the rise
See a comparison to Foreclosure-type sales -
NOTE: Housing inventory averaged under 6,000 homes per-month in the year before interest rates jumped
Cause and Effect: Mortgage rates averaged 3.15% during the last year of the 1st Trump Administration in 2020. Mortgage rates rose to an average of 6.74% by 2024 pricing many people out of the market. The final average for 2025 was 6.63%, and the most recent rate to begin January was 6.15%. (rates courtesy of the Federal Reserve Bank of St. Louis).
Arizona Regional MLS Housing Inventory
Arizona Regional MLS Housing Inventory plays a crucial role in shaping the real estate market. When inventory levels are low, it often leads to increased competition among buyers, driving up prices and creating a seller's market. Conversely, a high inventory can result in more choices for buyers, leading to slower and potentially lower prices, creating a buyer's market. these dynamics are essential for both buyers and sellers to make informed decisions in their real estate transactions.
Arizona Regional MLS Housing Inventory can be affected by interest rates, home prices and affordability, and new construction activity. Government policies and regulations, as well as demographics and population growth can be factors in the number of home listings.
When investors enter the housing market aggressively, housing inventory shrinks, competition increases, and affordability can worsen for individual homebuyers. Over time, this can reshape neighborhoods into renter-heavy communities and contribute to long-term supply challenges if new housing isn't built fast enough.
Seasonal trends also affect Arizona Regional MLS Housing Inventory. More sales occur in the spring and early summer, which reduces inventory. Sales slow in fall, and reach they reach their lowest levels in the winter months.