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At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985.
Phoenix is No. 11 among U.S. metro areas with 1,634 units in its office-to-apartments pipeline.
These were the most expensive homes sold in Arizona last month, led by a sprawling $21 million estate in Scottsdale.
There’s a $25 million tie for the most expensive new listing in Arizona. Those two pricey properties hit the market during the past month.
Scottsdale is the top city in the United States for people who like to flee to warm-weather destinations in the winter — also known as “snowbirds.”
On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C.
For the first time in two years, home prices are on the rise in every major metro and Phoenix is one of them, according to a new Redfin report.
The median existing-home price for all housing types in December rose 6% from its year-ago level.
Gilbert ranks among the U.S. cities where housing inventory has grown the most since 2005, according to a report from StorageCafe.
Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said.
Zillow has released its list of the hottest real estate markets predicted in 2025 and Phoenix has made the rankings.
Joan Levinson of Realty ONE Group handled three of the most expensive new listings in Arizona last month.
Radiance at Superstition Vistas was the top-selling master-planned community in Arizona last year, according to RCLCO Real Estate Consulting’s ranking of the top 50 master-planned communities of 2024.
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.