Current Market Data

NAR: Home prices rise across the country in the fourth quarter of 2023

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

The 10 most expensive new listings in Arizona

A Paradise Valley estate with a $29 million price tag tops the ranking of the 10 most expensive new listings in Arizona.

New listings allow months of inventory to expand in Maricopa County

Maricopa County saw a 6.6% increase in new listings in January, according to the latest Market Update from Phoenix REALTORS®.

Luxury home prices hit all-time high; record number cash sales recorded

Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.

December pending home sales surge past expectations 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

December new-home sales jump 8%

Declining interest rates spurred the increase. 

Houzz says these kitchen trends will take off in 2024

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

Scottsdale is attainable for prospective Gen-Z homeowners

Scottsdale ranks among the cities where homeownership is most attainable for Gen Z, according to a new report from Point2Homes.

NAR: Existing-home sales slid 1% in December but are expected to rise 

At the same time, the median sales price rose 4.4% to $382,600. 

New listings rise 19.6% in Phoenix

Phoenix saw one of the largest jumps in new listings in the country last month, according to the RE/MAX National Housing Report for December.

Builder confidence jumps in January on falling mortgage rates 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Phoenix was one of the top destinations for interstate movers in 2023

Arizona ranked as the No. 2 state in the country for inbound movers, beat out only by South Carolina.

Home listings grow as prices stabilize

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Is homeownership on the horizon for American millennials this year?

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

Falling mortgage rates, rising listings mark house hunters’ return

With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.

Phoenix one of the top cities in the country for a ‘fresh start,’ thanks to affordability

What makes the Valley of the Sun such a good place to start anew? For one, the city is among the most affordable in the country.

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