Nationally, home sales in the 51 metro areas surveyed by REMAX showed measured growth of 8.9% month over month and 7.8% year over year, REMAX said. 

The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance. 

A $12 million estate on Camelback Mountain leads the pack among the 10 most expensive homes sold in Arizona last month.

Surprise ranked No. 2 in the country, behind only Palm Bay, Florida; Gilbert ranked No. 3, Yuma ranked No. 5, Peoria ranked No. 6 and Chandler ranked No. 8.

Across Maricopa County, closed home sales increased 9.8% year over year in June, with 4,669 properties sold during the month. In comparison, home sales increased just 3.2% nationally.

Scottsdale, Gilbert and Chander are the top three places to rent in America, according to new data from WalletHub.

The median sales price of a home hit an all-time high of $440,600. 

Looking ahead, Cotality expects home prices to rise 4.8% between May 2026 and May 2027. 

Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines. 

The uptick was driven by a slight dip in mortgage rates. 

S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row. 

Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year. 

The increase was driven by refinancing activity as purchase applications dipped. 

Existing-home sales and the median home price are forecast to rise 4% this year, according to the National Association of REALTORS® Chief Economist Lawrence Yun. 

Starter homes now cost $1 million or more in a record 242 cities, up from just 80 in 2020, according to a Zillow analysis.

The 3.8% month-over-month gain was almost four times what industry observers were expecting.