Current Market Data

The 10 most expensive new listings in Arizona

Mountain views are on the menu for this month’s list of the 10 most expensive new listings in Arizona.

Southern and Western markets lead as new-home affordability grows

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

Pending-home sales soften in July on economic anxiety 

Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.   

Case-Shiller: Phoenix home-price growth slides in June, as national market undergoes ‘decisive shift’  

The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index. 

Phoenix is building more new apartments than almost any other city

Phoenix isn’t the only southern city packing in new apartments, though. Over half of all new U.S. apartments in 2025 — which equates to over 265,000 units — are located in the south.

July new-home sales top expectations  

The upside surprise came despite monthly and yearly declines in the pace of sales. 

RE/MAX: Phoenix home sales slip year over year in July 

Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said. 

NAR: High inventory puts homebuyers in their ‘best position’ since pandemic lockdown

The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory. 

Housing starts rise again in July thanks to multifamily sector 

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Builder confidence remains low in August with dip in sentiment survey 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

The 10 most expensive homes sold in Arizona in July

The priciest Arizona listing last month was a $17 million estate with views of Camelback Mountain.

New listings jump 11.3% in Phoenix amid mixed market conditions

“There are now nearly 21,000 homes on the market in greater Phoenix,” said Phoenix REALTORS® President Christy Walker. “This means a wider selection for buyers, making it their market.”

The average Realtor has 12 years of experience — and plans to stay in the industry for at least a few more

NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.

US home price growth slows in June, signaling shift toward buyer’s market

As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.

mortgage applications
MBA: Mortgage applications rise as mortgage rates slide on weakening U.S. economy 

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

US housing market sees rising inventory, slower price growth and more negotiation room

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

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