November 9, 2026 | Real Estate Trends

The latest quarterly Phoenix-Mesa-Chandler figures in FHFA’s metropolitan table cover April through June 2026. Its all-transactions house price index was down 0.36% from the previous quarter and up 0.85% from a year earlier.

Read the period before the headline

This is a metro-wide, not seasonally adjusted index using sales prices and appraisal data. It is not a measure of this week’s listings, a median sale price, or a valuation of an individual home. The quarterly decline and annual increase describe different comparisons; both can be true.

The Bison perspective

Our interpretation: use the regional benchmark as background, then bring the decision back to the property and your budget. Ask your real estate professional for recent comparable sales and current competition in the neighborhood. Review the payment and cash required with your lender before deciding what purchase price fits.

Talk through your financing with Bison.

Source: FHFA House Price Index datasets, metropolitan all-transactions table, 2026 Q2; checked November 9, 2026. General market commentary. Metro averages do not predict an individual property’s value.