Trends

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Phoenix housing cooling faster than markets in most other major cities

The markets cooling fastest are many of the same places that saw the biggest spikes in home prices during the last three years. 

CoreLogic: Pace of home-price increases slows for fourth month in a row in August 

Looking ahead, CoreLogic expects the year-over-year pace of home-price appreciation to slow to 3.5% by August 2023. 

American Home Shield: Average home sizes vary dramatically across the U.S.

The average median home size varies drastically across the country, according to American Home Shield’s 2022 American Home Size Index.

Arizona ranked the No. 6 state for retirement

The average retirement income in Arizona is $30,168 (20th among all states).

NAR: 2022 Member Safety Report for residential real estate

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Phoenix named one of the most popular cities to move to during the first half of 2022

Phoenix had one of the highest ratios of people moving in vs. those moving out during the first half of the year, a recent analysis found. 

Phoenix stands out as one of best markets for real estate investment over the last 10 years

The median single-family home price in the Phoenix metro area in 2011 was $115,500. Ten years later, it was $415,400, nearly a 260% increase.

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

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