Current Market Data

New listings, inventory growing in Maricopa County

Pricing in Maricopa County is largely flat, year over year.

Fall brings lower mortgage rates, more inventory to market

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

Home sales decline as buyers await lower mortgage rates, new NAR rules, election outcome

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.

CoreLogic: Home-price gains slowed again in July

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

New-home sales jump in July

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

Existing-home sales end 4 months of declines in July

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

Which Phoenix suburb is best for single-family home renters?

A new study ranks communities in the Valley for population density, cost of living, average commute times and more. 

Phoenix housing market shifts to balance, sellers no longer at an advantage

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

Housing inventory reaches post-pandemic high as market continues to balance

The combination of rising inventory and price reductions in Phoenix and nationwide is creating a more buyer-friendly market.

Closed sales increase year over year in the Phoenix Valley

The total number of transactions topped 5,000, which is higher than the same period in 2023 or 2022. 

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Pending home sales regain upward momentum in June

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

The most popular ways to upgrade a home in 2024 — without a huge demolition

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

Housing data still leans in favor of sellers, REALTORS® Confidence Index shows

Just 13% of respondents expect an increase in buyer traffic in the next three months.

Scottsdale is the No. 6 most affordable city in the U.S. for remote workers

Scottsdale is one of the most affordable cities in the country for people who work from home, according to a report from CoworkingCafe.

New listings jump 25% in Phoenix

That’s one of the biggest year-over-year increases in the entire country.

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