Starting off January 2026, Phoenix, AZ enters a notable chapter for buyers and sellers as mortgage rates adapt with the new year. This month, 30-year fixed mortgage rates average 6.6 percent in Phoenix, a decrease from last quarter but still a critical factor shaping purchase decisions. Why pay attention now? A shift in rate structure impacts what buyers can afford and how sellers approach pricing, making real time insight invaluable.
The city’s 15,200 active listings mean there is real competition for the best opportunities as rates fluctuate. Buyers using qualified financing will see their purchasing power directly affected by how rates move—and sellers who understand lending dynamics will construct stronger, more attractive listings. Mortgage rate trends in Phoenix, AZ January 2026 help all participants make sense of their options as the market advances.
How January Rates Reshape Buyer and Seller Plans
Inventory remains buoyant, with absorption rate at 3.1 months, providing flexibility in home searches. Median sale price continues at $418,000, and the average days on market stays near 47, allowing buyers time to act thoughtfully and sellers time to field offers responsibly. With 287 as the going price per square foot, home affordability can hinge on even minor mortgage adjustments.
Tour Smarter, Offer Stronger
Discuss Phoenix, AZ rates and home financing with Jeff Setlow. With fresh market numbers this January 2026, optimize your funding and your offer strategy before you tour.
Strategic Guidance for Rate Watchers and Rate Changers
Seller incentives play a role this season, with seller credits woven into 29 percent of closings. Price reductions at 38 percent provide negotiation levers for buyers, giving them a stronger position to capitalize as rates shift. Fast moving areas—like ZIPs 85018 and 85254—continue to show above average activity for both pricing and days on market.
What Mortgage Rate Movement Means for Phoenix, AZ
Affordable homes in Phoenix, AZ this January 2026 become more accessible when rates trend downward. At the same time, sellers asking how to sell your house fast in Phoenix, AZ should be aware that informed pricing retains urgency—buyers will jump at accurately priced new listings.
Is It a Good Time to Buy in Phoenix, AZ?
With stable and slightly improved rates, increased inventory, and a strong pool of new buyers, the current period offers real possibilities. For custom mortgage and search strategies, connect with Jeff Setlow and take advantage of today’s evolving Phoenix, AZ market.
- 30 year mortgage: 6.6 percent average
- Active listings: 15,200
- Median sale price: $418,000
- Absorption rate: 3.1 months
- Average DOM: 47
This January, Finance with Confidence
Plan your move with data driven finance choices for Phoenix, AZ. Let expert local guidance make your January 2026 home story a success.
