A Paradise Valley estate with a $29 million price tag tops the ranking of the 10 most expensive new listings in Arizona.

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Declining interest rates spurred the increase. 

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

CoreLogic expects prices to continue to grow through the year.

Nine of the 10 most expensive new listings in Arizona are located in Paradise Valley — including a luxury listing with a $50 million price tag.

A $20 million Paradise Valley estate tops the most expensive new listings in Arizona.

RentCafe analyzed apartment sizes in ZIP codes across the country to determine which areas give the typical renter the most bang for their buck.

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.

Paradise Valley is known as one of the priciest places to buy a home in Arizona — but did you know that the city has one of the most expensive ZIP codes in the country?

Agents from Silverleaf Realty were hard at work listing the priciest homes in Arizona during the past month.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

Arizona’s population grew by 1.3% between 2021 and 2022 — that’s the eighth-fastest rate of growth in the country.

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures.