Current Market Data
Pricing in Maricopa County is largely flat, year over year.
At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.
While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.
Specifically, prices rose 4.3% annually after growing by 4.7% in June.
July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.
A new study ranks communities in the Valley for population density, cost of living, average commute times and more.
Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report.
The combination of rising inventory and price reductions in Phoenix and nationwide is creating a more buyer-friendly market.
The total number of transactions topped 5,000, which is higher than the same period in 2023 or 2022.
The average 30-year fixed mortgage rate dropped more than a quarter point since last week.
The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.
Just 13% of respondents expect an increase in buyer traffic in the next three months.
Scottsdale is one of the most affordable cities in the country for people who work from home, according to a report from CoworkingCafe.
That’s one of the biggest year-over-year increases in the entire country.
