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Phoenix Foreclosures Are Climbing. Is Arizona’s Distressed Market Coming Back?

Foreclosure activity is climbing in Phoenix. The article examines what the shift could mean for Arizona’s housing market.

Phoenix Foreclosures Are Climbing. Is Arizona’s Distressed Market Coming Back?

Phoenix spent years as one of America’s hottest housing markets. Buyers fought over homes. Prices exploded. Investors poured into Arizona. Homeowners watched equity grow at a pace few expected. Now another number deserves attention. Foreclosures are climbing. As of June 2026, the Phoenix, Mesa, Chandler metropolitan area had 347 foreclosure listings, the fifth highest total among major U.S. metropolitan areas tracked by Realtor.com. Foreclosures represented approximately 1.9 percent of active listings in the metro. That does not mean Phoenix is…

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