Phoenix Market Update: November 2026 Prices, Rates, and Weekend Events

Happy Wednesday, neighbors. It is the first week of November, the weather is gorgeous, and the Phoenix market has fresh numbers to share along with a packed weekend of events on both sides of the Valley. Here is my verified November 2026 market check-in: what prices, inventory, and rates are actually doing, plus the festivals, night markets, and art shows I am most excited about. Whether you are buying, selling, or just getting out with your family, I want to be your guide. That is what it means to be Your Realtor for Life.

The Freshest Market Numbers

The newest full-market picture comes from the October 2026 STAT report published by ARMLS, which covers September data across Greater Phoenix. Here is where the Valley stands:

• Median sales price: $450,000, up about 1.1% from August's $445,000 and roughly flat from a year ago.
• Active listings: about 25,250 homes on the market, up from about 23,400 in August.
• Months of supply: about 4.45 metro-wide, up from about 4.3 in August, keeping the market firmly balanced.
• Median days on market: about 63 days to contract, down from about 66 a year ago. Homes priced right are still moving.
• Mortgage rates: 7.24% for the 30-year fixed in Freddie Mac's survey for the week ending October 29, 2026, down from 7.32% the week before.

What does this mean for you? The market is balanced, with a slight edge for buyers: more inventory means more choices and more room to negotiate, while well-priced, well-presented homes are still selling in about two months. And if rates have you hesitating, remember that VA loans, FHA loans, down payment assistance, and seller-paid closing costs are all on the table. In Arizona you do not need 20% down to get started.

West Valley: Night Markets, Foodie Fests, and Art in the Park

The West Valley has a fantastic weekend coming up:

• Peoria Night Market returns Friday, November 6, from 5 to 9 p.m. at Centennial Plaza Park, a free Asian food festival with vendors and live energy. Details at phoenixfoodfestivals.com/events.
• Foodie Fest West fills the Peoria Sports Complex on Saturday, November 7, from 4 to 10 p.m. with food trucks and family fun. See peoriasportscomplex.com for the schedule.
• Litchfield Park Festival of the Arts runs Saturday and Sunday, November 7 and 8, from 9 a.m. to 5 p.m. at Litchfield Square Park, 279 N. La Loma Ave., with free admission and free parking. More at litchfieldpark.gov.
• For a weekly routine, the Arrowhead Farmers Market in Glendale runs Saturdays at Dream City Church, 21000 N. 75th Ave.

East Valley: Lights on the Water, Bluegrass, and Downtown Nights

The East Valley is just as busy:

• Canal Convergence returns to the Scottsdale Waterfront November 6 through 15, free and open nightly from 6 to 10 p.m. The 15th edition, themed "Western Nature," fills the canal with large-scale light art, music, and performances. Details at scottsdalearts.org.
• Bluegrass and BBQ Classic takes over downtown Mesa Friday and Saturday, November 6 and 7, with live music and smoked food.
• Mesa Night Market lights up downtown Mesa on Saturday, November 7, with local vendors, food, and live entertainment.
• Kierland Fine Art and Wine Festival brings artists and tastings to Scottsdale on Saturday and Sunday, November 7 and 8.
• Queen Creek Feastival celebrates the fall harvest at the Queen Creek Olive Mill on Friday, November 6, a favorite for families.
• In Chandler, the Diwali Festival of Lights celebrates the season on Saturday, November 7.
• For a weekly routine, the Old Town Scottsdale Farmers Market runs Saturdays from 8 a.m. to 1 p.m. at 3939 N. Drinkwater Blvd.

Whether you are wandering the lights along the Scottsdale canal, browsing artists in Litchfield Park, or grabbing tacos at the Peoria Night Market, there is something for everyone this weekend from Goodyear to Gilbert, Surprise to Chandler.

A Quick Note for Buyers and Sellers

November is a wonderful time to be in the Valley, and it is also a great time to start a real estate conversation. The balanced market gives buyers more inventory and negotiating room, while sellers who price well and prepare their homes are still finding buyers. If you have been thinking about buying or selling, I am always available to answer your questions, whether you are wondering what your home would sell for or what your payment would look like at today's rate. Call or text me at (623) 640-8840, reach out online, or schedule a chat, and we will talk through your plan with no pressure. I am here for you, before, during, and after your move. Have a wonderful week, and talk to you soon!