The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

For the second month in a row, RETSY agent Lisa Westcott is responsible for the most expensive new listing in Arizona.

Phoenix’s ranking is due mostly to the city’s affordable rental market: residents only need to spend 34.5% of their income on monthly rent expenses.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

Many of the U.S. neighborhoods with the least expensive property fees are in the Phoenix area, with the lowest fees in the country seen in DC Ranch in Scottsdale.

At the same time, the median price of a new home sold in April declined as well. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Agents from RETSY listed four of the 10 most expensive new listings in Arizona, including a $21.75 million estate in the Silverleaf Upper Canyon in Scottsdale.

The priciest new listings in Arizona include a $15,000,000 stone estate with donated beams from the Hopi Nation and repurposed materials from a 15th century Spanish mission.

The state where home values have increased the most was Idaho, which saw a 171.03% increase in home values from 2013 to 2023.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Furniture retailer Joybird surveyed over 2,500 Americans and asked them to describe their dream living room.

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.