Local News

Real estate news in Phoenix

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Phoenix is 54 days, up from 42 before the pandemic began.

Arizona named one of the 20 safest states in the U.S.

Arizona ranked No. 8 for emergency preparedness and No. 9 for workplace safety.

Still deep in positive territory, home-price gains post steep declines in latest Case-Shiller 

In Phoenix, home prices posted a 17.1% year-over-year gain in August, compared to a 22.4% gain in July. Month over month, prices fell 2.1.

Phoenix leads the nation in year-over-year housing inventory percentage growth

Phoenix led the way among large metros with 167.3% growth in active listings, followed by Raleigh, N.C., (166.1%) and Nashville (125.3%). 

Median home and condo prices in Arizona Regional MLS drop for fourth consecutive month

Single-family homes had a median sale price of $470,000 in September, down from $475,000 the previous month and from its peak of $510,000 in May.

With eye on the Mountain West, Atlanta’s RangeWater hires senior managing director 

The Atlanta-based multifamily firm is expanding into Denver, Phoenix and Salt Lake City. 

Tempe named second-best place to live in the U.S.

Communities on the list were ranked based on economic opportunities, quality of life, diversity and where the best futures lie.

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. 

Arizona ranked the No. 6 state for retirement

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

Bidding wars fall to lowest level since April 2020

In Phoenix, 26.4% of Redfin offers faced competition in August

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.

Inventory and sale prices climb year over year, ARMLS data shows

More than 20,600 homes were on the market in August, compared to 8,700 during the same month in 2021.

Thompson Thrift acquires 35 acres in Gilbert for luxury apartments, restaurants and retail

Developer Thompson Thrift has acquired 35 acres in Gilbert with plans for luxury apartment homes and more than 200,000 square feet of restaurant and retail space.

Phoenix named a top 21 city for real estate investment in 2022 and 2023

Norada cited the relatively lower cost of living and housing in the Phoenix area, attracting people from higher-cost cities such as Los Angeles and Seattle.

Median days on the market increases in Phoenix and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

Four Phoenix-area real estate brokerages make Inc. 5000 list of fastest-growing companies

Companies are ranked by percentage revenue growth from 2018 to 2021 and had to have earned at least $100,000 in revenue in 2018 and $2 million in 2021.

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