Current Market Data

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

Closings rise in Maricopa County as market approaches balanced status

Realtors added 6,514 new listings to the MLS during the month, an 8.3% year-over-year increase.

Cotality: Pace of home-price growth slows in March on economic concerns

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

The 10 most expensive new listings in Arizona

A Scottsdale estate, last sold in 2022 for $9.5 million, just hit the market again — but this time, with a $25 million price tag.

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

Married couples in Phoenix spend half their household salary on homeownership

Given the city’s median annual household income of $110,067 for married couples, they have to spend 50% of their yearly earnings on mortgage payments, property taxes, insurance and other related costs.

New-home construction drops more than expected in March

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

Phoenix REALTORS®: Market “slow and steady” in Phoenix

Home sales across the metro area rose 4.2% year over year, and were up 3.5% year-to-date in March.

The 10 most expensive home sales in Arizona in March

Agents from Russ Lyon Sotheby’s International Realty are prominently featured as both listing and selling agents on this month’s list of the 10 most expensive home sales in Arizona.

Millennial homebuyers value quality over space

A majority of millennial home buyers would choose a smaller home if it offered better amenities, according to a new report from National Association of Home Builders.

Zillow: How online listing stats affect the speed of home sales

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

Once again, baby boomers make up the largest share of homebuyers

“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

Better Homes’ 2025 Home Trends Insights advises DIYers on the best ways to sell

The annual report surveyed agents in the Better Homes and Gardens Real Estate network to find out how they’re helping clients get their homes ready to list. 

Mortgage applications decreased last week while purchase applications shot up

Meanwhile, purchase applications showed their strongest increase in almost two months, rising 7% year over year.

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