Current Market Data
The triennial survey of 2,000 American residents from the 50 largest metropolitan areas, the National Association of REALTORS® Community and Transportation Preference Survey, found buyers and residents prefer more housing options and communities designed for easy access.
Nationally, home sales in the 51 metro areas surveyed by REMAX showed measured growth of 8.9% month over month and 7.8% year over year, REMAX said.
The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance.
A $12 million estate on Camelback Mountain leads the pack among the 10 most expensive homes sold in Arizona last month.
Surprise ranked No. 2 in the country, behind only Palm Bay, Florida; Gilbert ranked No. 3, Yuma ranked No. 5, Peoria ranked No. 6 and Chandler ranked No. 8.
Across Maricopa County, closed home sales increased 9.8% year over year in June, with 4,669 properties sold during the month. In comparison, home sales increased just 3.2% nationally.
Scottsdale, Gilbert and Chander are the top three places to rent in America, according to new data from WalletHub.
The median sales price of a home hit an all-time high of $440,600.
Looking ahead, Cotality expects home prices to rise 4.8% between May 2026 and May 2027.
Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines.
The uptick was driven by a slight dip in mortgage rates.
S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row.
Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year.
The increase was driven by refinancing activity as purchase applications dipped.
Existing-home sales and the median home price are forecast to rise 4% this year, according to the National Association of REALTORS® Chief Economist Lawrence Yun.
Starter homes now cost $1 million or more in a record 242 cities, up from just 80 in 2020, according to a Zillow analysis.