A rise in new listings is giving buyer’s in the new year more homes to choose from, according to a new report from Redfin.

In its last reading before the end of the year, the National Association of REALTORS®  Pending Home Sales Index posted its fourth consecutive monthly increase in November. 

The median-sales price slid from $425,600 in October to $402,600 last month. 

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.

According to a report from CashNetUSA, renters in Paradise Valley (specifically, the 95253 ZIP code) only need to spend 15.27% of their annual income on rent.

All homes were listed in the past 30 days. Note the tie for the ninth-most expensive listing.

Closed home sales increased in Maricopa County last month, according to the latest Market Update from Phoenix REALTORS®.

Taylor Swift’s cultural impact has moved beyond music and fashion into the design of ultra-high-end real estate. 

Phoenix is the 56th-priciest rental market in the country, according to Zumper’s November National Rent Report.

Despite the new record in September, the rate of increase continues to slow. 

The new findings come from real estate tech strategist Mike DelPrete.

The increase follows two months of declines, the National Association of REALTORS® said. 

While the median sales price rose across the Phoenix area last month, drops in interest rates meant that affordability improved.

New listings increased 38.5% in Phoenix last month, according to the latest RE/MAX National Housing Report.

Multifamily construction, meanwhile, rose on a monthly basis.