Without much warning, 2026 began with surprising momentum in the local real estate market. Buyer activity has strengthened and we are seeing a welcome increase in overall market movement.
Buyers have reentered the market with both conviction and liquidity. Many of our recent listings have gone under contract within days of being listed and a few have even received multiple offers, something we have not seen in recent years.
WHAT MAKES THIS SHIFT EVEN MORE NOTABLE IS SUPPLY
While buyer activity has increased, the number of truly well positioned homes has not kept pace. On paper there may be plenty of inventory, but much of it simply does not meet what buyers are looking for today. When a home is well priced, well presented, and located in a desirable area, buyers are moving quickly.
In 2026 we are also seeing buyers become more decisive. Rather than waiting for perfection, many are willing to look past a few minor imperfections when the overall opportunity feels right.
SO, WHAT IS DRIVING THE CHANGE?
First, market psychology. When markets shift, it often takes months for the underlying data to filter through to consumers. Many buyers now believe the most favorable pricing window of this cycle may have already passed. The sense that this may be the last good opportunity is motivating buyers to take action.
Second, lifestyle and taxes. A colder winter in other parts of the country has accelerated decisions among buyers who were already considering Arizona. Rather than waiting for another season, many are choosing to move forward now. Higher income and property taxes in other states also continue to make Arizona an attractive alternative.
Third, market stability. The stock market has performed well, interest rates have stabilized (and are expected to trend downward over time), and housing prices have held relatively firm. Together, these factors have helped restore confidence for many buyers and sellers who have been considering a move.
So, did you miss the bottom of the market? Yes, but the encouraging news is that meaningful opportunities still exist. The market is stable and strengthening, which means more opportunities lie ahead and we still have room for value growth.
For buyers, preparation and readiness matter more than ever. For sellers, homes that are priced thoughtfully and presented well are being rewarded with strong interest and quick results.
For many people, the real question is not whether the market is moving, but what the right timing looks like for their own plans.
Today’s market is incredibly nuanced, and our perspectives come from working in the local market every day. If you are looking for an edge, we would be glad to share what we are seeing and where the opportunities may lie. If real estate is on your mind, now or in the future, please don’t hesitate to reach out. We always welcome the conversation. As always, we are grateful for the trust our clients and neighbors place in us and for the opportunity to continue serving our community.
Whether you are buying or selling, the key is to be prepared, educated, and ready for the opportunities that are coming your way. We would love to help you build a strategy for success, so call us today for your complimentary consultation at (602) 615-0843. We have decades of experience, community knowledge, and the insight to answer all your real estate questions!
John Karadsheh is the Designated Broker and Owner of KOR Properties and has been a Multi-Million Dollar producing agent for over 23 years. He is an Accredited Buyers Representative (ABR) and Certified Residential Specialist (CRS), and serves on the Arizona Regional MLS (ARMLS) Rules & Policies Committee, ARMLS Appeals Committee, and the West and Southeast Realtors of the Valley Professional Standards Committee.
Natascha Ovando-Karadsheh is an Associate Broker, Co-Owner of KOR Properties, a Multi-Million Dollar Producer for over a decade, Accredited Buyers Representative (ABR) and Certified Real Estate Negotiation Expert (RENE). She a Member and Past-Chair of the City of Mesa Economic Development Advisory Board, member of the Board of Directors of the Greater Phoenix Economic Council, and serves on the Salt River Project Customer Utility Panel.