Two penthouses in Scottsdale’s ICON at Silverleaf community were among the 10 most expensive homes sold in Arizona in November.

The National Association of Home Builders’ monthly survey found continued pessimism among the nation’s homebuilders at the end of a tough year. 

Scottsdale residents are very philanthropic with their hard-earned money, with the 10th-highest rate of online charity donations and the 15th-highest amount of volunteer hours.

Geographically, trends varied widely, with formerly hot areas like Florida and the Southeast posting the deepest declines and formerly cool areas, like the Midwest, showing healthy gains.

Mansions in Scottsdale and Paradise Valley make up the 10 most expensive new listings in Arizona.

By region, sales rose in the Midwest, Northeast and South but fell in the West. 

Income growth surpassed rental growth in 37 of the largest 50 U.S. metros this October — including Phoenix, according to new research from Zillow.    The typical asking rent for an average rental unit decreased 0.7% to $1,763. Meanwhile,

The largest project in The Valley’s pipeline is Kierland Sky, a Scottsdale adaptive-reuse project that will convert office space into 420 apartments.

The chief economist for the National Association of REALTORS® also predicts home prices will climb 4% compared to 2025. 

Compass agents worked with both the buyers and sellers of the two most expensive homes sold in Arizona in October.

Nationwide, the median price for a single-family home increased 1.7% year over year to $426,800. Prices increased by the same annual rate during the second quarter.

A $48 million Silverleaf estate tops this month’s list of the 10 most expensive new listings in Arizona.

Given the rate of sales, the nation had a 4.6-month housing supply, up from 4.2 months a year prior.

Nationally, home sales in the 52 metro areas surveyed by RE/MAX increased 8.5% year over year for the fourth time in 2025, but declined 4.6% month over month.

Two of the most expensive homes sold in Arizona last month were bought with the help of Compass agent Carol Adams.

The pace of home sales, meanwhile, remained at “multi-decade lows” even as affordability reached its most favorable level since 2022.