By the Numbers
At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985.
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.
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.
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.
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.
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.
Phoenix is the 56th-priciest rental market in the country, according to Zumper’s November National Rent Report.