Current Market Data

NAR: Existing-home sales rise 3.1% in January 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Renters can get a lot for their income in Surprise

With a household renter income of $86,236 annually and an average monthly rent of only $1,781, renters in Surprise spend only a fraction of their income on housing.

The top exterior renovation trends in Phoenix

Nationwide, homeowners are most likely to spend money on a fresh coat of paint to upgrade the exterior of their house. But can the same be said for Phoenix residents?

Can buying a home lead to love? A new Zillow survey says yes

Home might really be where the heart is. According to a new Zillow survey, 42% of recent homebuyers reported finding love after buying their new home.

NAR: Home prices rise across the country in the fourth quarter of 2023

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

The 10 most expensive new listings in Arizona

A Paradise Valley estate with a $29 million price tag tops the ranking of the 10 most expensive new listings in Arizona.

New listings allow months of inventory to expand in Maricopa County

Maricopa County saw a 6.6% increase in new listings in January, according to the latest Market Update from Phoenix REALTORS®.

Luxury home prices hit all-time high; record number cash sales recorded

Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.

December pending home sales surge past expectations 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

December new-home sales jump 8%

Declining interest rates spurred the increase. 

Houzz says these kitchen trends will take off in 2024

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

Scottsdale is attainable for prospective Gen-Z homeowners

Scottsdale ranks among the cities where homeownership is most attainable for Gen Z, according to a new report from Point2Homes.

NAR: Existing-home sales slid 1% in December but are expected to rise 

At the same time, the median sales price rose 4.4% to $382,600. 

New listings rise 19.6% in Phoenix

Phoenix saw one of the largest jumps in new listings in the country last month, according to the RE/MAX National Housing Report for December.

Builder confidence jumps in January on falling mortgage rates 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Phoenix was one of the top destinations for interstate movers in 2023

Arizona ranked as the No. 2 state in the country for inbound movers, beat out only by South Carolina.

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