Current Market Data

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.

Pending home sales post surprise gain in February but remain sluggish

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Over 90% of first-time sellers are driven by pandemic buying mistakes

Young homeowners are the most likely to regret their home purchases: 94% of Gen Z and 86% of Millennial sellers acknowledged buying mistakes, compared to 48% of baby boomers.

2025 design trends in the Best in American Living Awards

Traditional charm, modern simplicity and an intentional combination of the two are on-trend for 2025 based on the big winners of the just-released 2024 Best in American Living Awards.

Phoenix home sales rise year over year in February

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

The 10 most expensive new listings in Arizona

The priciest new listing in the Grand Canyon State is a $25 million property in Paradise Valley that features koi ponds, streams, gardens and an antique greenhouse.

Phoenix is one of the best places to downsize and save in retirement

The Valley of the Sun is a perfect match for homeowners looking to downsize in their golden years, according to research from Mirador Living.

NAR: Existing-home sales rise in February; market ‘flashing encouraging signs’

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

Housing starts post surprisingly big jump in February

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

Inventory, sales prices on the rise in Phoenix area

Realtors added 5,838 new listings to the MLS in February, a 5.3% increase year over year.

The 10 most expensive homes sold in Arizona in February

Agents from Realty ONE Group, Compass and HomeSmart were responsible for the most transaction sides on February’s list of the 10 most expensive home sales in Arizona.

When’s the best time to sell a home in Phoenix?

If you have a would-be seller close to getting ready to put their home on the market, now’s the time to prepare. 

CoreLogic: Home-price growth slows in January, with further deceleration possible in Arizona

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

Homeowners would rather lose money than sell to their ex

Furthermore, 13% of homeowners said they’d take their home off the market if they learned their ex was considering buying it.

New-home sales post unexpectedly large decline in January

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

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