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

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.

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

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

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

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.   

In Phoenix, home prices posted a 2.09% year-over-year gain in December, while they slid 0.06% month over month. 

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

Housing supply is the highest it’s been since 2020, and while there’s lots to choose from, demand is the lowest it’s been in four years.

Phoenix is No. 11 among U.S. metro areas with 1,634 units in its office-to-apartments pipeline.

New listings and closed home sales increased year over year in the Phoenix area last month, according to the latest Market Update from Phoenix REALTORS®.

These were the most expensive homes sold in Arizona last month, led by a sprawling $21 million estate in Scottsdale.

There’s a $25 million tie for the most expensive new listing in Arizona. Those two pricey properties hit the market during the past month.

Scottsdale is the top city in the United States for people who like to flee to warm-weather destinations in the winter — also known as “snowbirds.”

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C. 

For the first time in two years, home prices are on the rise in every major metro and Phoenix is one of them, according to a new Redfin report.