Phoenix prices dipped slightly from a year ago, but higher inventory and steady sales could give buyers an advantage this spring. 

Many Americans are planning a move this year, driven by lifestyle changes, family needs and homeownership goals, according to the 2026 State of Moving Forecast Survey by American Home Shield. 

Two brand new homes in Paradise Valley top the February ranking of the priciest new listings in Arizona.

Existing-home sales decreased by 8.4% in January, according to the National Association of REALTORS®’ Existing-Home Sales Report.

U.S. home sales declined 6% year over year and 32% month over month in January, according to the latest REMAX National Housing Report.  

Affordability continues to be a challenge in housing, and a new report from the National Association of Home Builders shows how that’s influencing both buyers and builders in 2026. 

After five years of worsening, housing affordability has finally started to improve, according to a new Redfin study. 

With mortgage rates approaching 6%, 5.5 million additional buyers that could not qualify for a mortgage one year ago would qualify at today’s lower rates, the National Association of REALTORS® said. 

Arizona ranked No. 4, with an effective real estate tax rate of 0.48%. That equates to about $1,585 annually for a home valued at $332,700 (the U.S. median home price in 2024).

Affordable apartment construction in the Phoenix metro area increased 206% in the years following the Covid-19 pandemic, according to data from RentCafe.

Arizona’s top 10 priciest home sales in January ranged from $7.9 million to $16.5 million.

In a rare housing market shift, newly built homes saw price reductions more frequently than existing homes in late 2025 for the first time in recent history, according to a new report from Realtor.com.  

As the housing market continues to adjust, design and community strategy have become drivers of buyer preference, according to Jenni Nichols, vice president of design at John Burns Research and Consulting.

Given the rate of sales, Maricopa County had a 3.9-month inventory in January, up 5.4% year over year.

Zillow’s Home Value Index shows that in 13 of the past 20 years, home values in the metro area of the Super Bowl champion grew faster than the national average.

The priciest new listing in Arizona is back on the market after selling for $30 million last May. That price tag made it the most expensive home sale in 2025.