Last month’s priciest Arizona home sale was a $30 million estate with 15 bedrooms and 16 bathrooms.

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

Despite a 3% year-over-year decrease in new listings, active listings increased 49.7% annually. That means prospective homebuyers had almost 6,000 more homes to browse than buyers a year ago.

T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record. 

In addition to its low crime rates and high median salary, Gilbert is the city with the highest percentage of families with young children and has the fourth-lowest divorce rate in the country.

Phoenix is the hottest city in the country — and quickly getting hotter, according to a report from Redfin.

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

Luxury listings in Paradise Valley, Scottsdale, Phoenix and Sedona are among the priciest new homes on the market statewide.

The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022. 

In Phoenix, home prices rose 1.92% year over year and 0.15% month over month in March. 

Surprise ranked as the fourth-most affordable city in the country in the first quarter of 2025. It also ranked as the second-most affordable among small cities, meaning those with populations under 150,000.

New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.  

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

The priciest home sale in Arizona last month was a $14.9 million estate in Scottsdale.

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.