By the Numbers

RE/MAX: Phoenix home sales rise year over year in April 

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

The 10 most expensive homes sold in Arizona in April

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

NAHB: Builder confidence drops in May on tariff uncertainty 

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. 

mortgage applications
MBA: Mortgage applications rise as housing inventory increases 

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

Cotality: Pace of home-price growth slows in March on economic concerns 

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales 

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

The 10 most expensive new listings in Arizona

A Scottsdale estate, last sold in 2022 for $9.5 million, just hit the market again — but this time, with a $25 million price tag.

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Married couples in Phoenix spend half their household salary on homeownership

Given the city’s median annual household income of $110,067 for married couples, they have to spend 50% of their yearly earnings on mortgage payments, property taxes, insurance and other related costs.

New-home construction drops more than expected in March 

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

The 10 most expensive home sales in Arizona in March

Agents from Russ Lyon Sotheby’s International Realty are prominently featured as both listing and selling agents on this month’s list of the 10 most expensive home sales in Arizona.

Zillow: How online listing stats affect the speed of home sales

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

Mortgage applications decreased last week while purchase applications shot up

Meanwhile, purchase applications showed their strongest increase in almost two months, rising 7% year over year.

Pending home sales post surprise gain in February but remain sluggish 

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Phoenix home sales rise year over year in February 

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

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