Looking ahead, Cotality expects home prices to rise 5.3% between April 2026 and April 2027. 

The most expensive new listing in Arizona in May was previously one of the state’s most expensive homes sold in 2025.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Home prices continued to rise in March, but the rate of increase slowed yet again, according to the latest S&P Cotality Case-Shiller Home Price Index. 

Overall, Scottsdale ranked ninth for socioeconomics and 10th for affordability — the city has the second-highest median family salary in the U.S. when adjusted for cost of living.

Redfin reports there were about 46.5% more sellers than buyers in April 2026, down from 47.5% in March and 48.9% in December 2025.

Houzz compared first quarter user activity to year-ago levels to determine the emerging home trends for summer 2026. Here’s what they found.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

In addition to a relatively low cost of living, Surprise has the 18th-highest rate of median-home price appreciation in the country.

Among the top 50 metro areas, Boston and Miami led the pack. 

Home prices increased in 71% of U.S. metro areas in the first quarter of 2026, according to the National Association of REALTORS®. 

Americans are prioritizing sunlight in their home search, with 44% saying they would choose a smaller home with more sunlight over a larger home with less sunlight, according to a Redfin report. 

Homes on the April ranking of the 10 most expensive Arizona home sales range from $7.5 million up to $32.5 million.

According to the latest Market Update from Phoenix REALTORS®, buyers purchased 4,910 properties during the month, up from 4,671 during the same time frame in 2025.

The median-existing sales price for all housing types rose 0.9% year over year to $417,700, its 34th consecutive increase. 

Luxury spaces that focus on well-being, comfort and personal meaning are shaping everything in the home, from material selection and layout to color, light and more.