May’s priciest Arizona home sale is a new build in Paradise Valley with mountain views.

Paint color has the power to enhance value — and tank it.

Inventory rose 3.3% month over month and 0.6% year over year to 1.55 million homes, which equals a 4.5-month supply of unsold inventory, NAR said. 

Nationwide, it takes six years to break even on homeownership, down from an all-time high of 8.4 years in 2023.

Amid what Realtor.com called the most active spring in years, the housing market is finding a new equilibrium.

Looking ahead, Cotality expects home prices to rise 5.3% between April 2026 and April 2027. 

The most expensive new listing in Arizona in May was previously one of the state’s most expensive homes sold in 2025.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Home prices continued to rise in March, but the rate of increase slowed yet again, according to the latest S&P Cotality Case-Shiller Home Price Index. 

Overall, Scottsdale ranked ninth for socioeconomics and 10th for affordability — the city has the second-highest median family salary in the U.S. when adjusted for cost of living.

Redfin reports there were about 46.5% more sellers than buyers in April 2026, down from 47.5% in March and 48.9% in December 2025.

Houzz compared first quarter user activity to year-ago levels to determine the emerging home trends for summer 2026. Here’s what they found.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

In addition to a relatively low cost of living, Surprise has the 18th-highest rate of median-home price appreciation in the country.

Among the top 50 metro areas, Boston and Miami led the pack. 

Americans are prioritizing sunlight in their home search, with 44% saying they would choose a smaller home with more sunlight over a larger home with less sunlight, according to a Redfin report.