At the same time, the median price of a new home sold in April declined as well. 

The city saw a 32.7% annual jump in new listings in April, placing it third among the top 50 U.S. markets covered in the latest RE/MAX National Housing Report.

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Active inventory rose 46.6% in Maricopa County last month, according to the latest Market Update from Phoenix REALTORS®.

Agents from RETSY listed four of the 10 most expensive new listings in Arizona, including a $21.75 million estate in the Silverleaf Upper Canyon in Scottsdale.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

Closed home sales decreased year over year in Maricopa County, according to the latest Market Update from Phoenix REALTORS®.

The priciest new listings in Arizona include a $15,000,000 stone estate with donated beams from the Hopi Nation and repurposed materials from a 15th century Spanish mission.

The state where home values have increased the most was Idaho, which saw a 171.03% increase in home values from 2013 to 2023.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Furniture retailer Joybird surveyed over 2,500 Americans and asked them to describe their dream living room.

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.