Single-family home sales hit the highest volume since May 2024 in greater Phoenix last month, according to data from Phoenix REALTORS®.

Home sales across the metro area rose 4.2% year over year, and were up 3.5% year-to-date in March. The association’s Maricopa County Market Update also shows that closings rose 7.4% county-wide, and were up 5% year-to-date.

“It may be too early to call it a turning point in the market,” Christy Walker, president of Phoenix REALTORS®, said in a press release. “It’s definitely a good sign after the previous few months.”

Walker added that “there are also more houses on the market for buyers to see,” amid a 5.8% year-over-year increase in new listings in Maricopa County. That boost brought total active listings to over 16,000 homes, up from almost 11,000 a year prior.

Pending sales dropped, however, dropping 10.2% year over year in Phoenix and 28.5% county-wide.

“The market is slow and steady,” Walker said. “With the increased inventory, buyers are more likely to find a home that meets their needs and price range. We’re trending towards a buyer’s market, but sales and appreciation are still on the rise.”