Agents from Realty ONE Group, Compass and HomeSmart were responsible for the most transaction sides on February’s list of the 10 most expensive home sales in Arizona.

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

In Phoenix, home prices posted a 2.09% year-over-year gain in December, while they slid 0.06% month over month. 

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.