Paradise Valley and Scottsdale top the list of the most expensive new listings in Arizona yet again.

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices — but Maricopa County is one area where wage increases are outpacing price increases.

Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

Among the top upgrades: large showers.

Despite ranking among the most valuable housing markets in the nation, the overall value of Phoenix real estate fell on an annual basis.

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years

Chandler is two for two in Opendoor’s second-annual ranking of the most family-friendly U.S. cities.

A rise in new listings is finally giving potential homebuyers options as the summer market winds down.

What makes Scottsdale such a hospitable place for working parents? For starters, the city boasts 128 acres of green space per 1,000 residents, the highest proportion in the nation.

Sidelined homebuyers can breathe a sigh of relief. According to Realtor.com, the best week of the year to buy a home is still ahead of us.

The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.

CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

Nine of the 10 most expensive new listings in the state of Arizona are located in Paradise Valley — including a luxury new home with a $50 million price tag.