Buyers purchased 4,839 homes during the month, up from 4,622 during May 2025.

The company outgrew its previous space just 18 months after moving in, said Tonya Lively, vice president of escrow operations and director of sales.

Inventory rose 3.3% month over month and 0.6% year over year to 1.55 million homes, which equals a 4.5-month supply of unsold inventory, NAR said. 

Juan Grimaldo is the top-transacting Latino agent in the Phoenix area, according to the annual Top 250 Latino Agents ranking from the National Association of Hispanic Real Estate Professionals.

Nationwide, it takes six years to break even on homeownership, down from an all-time high of 8.4 years in 2023.

The most expensive new listing in Arizona in May was previously one of the state’s most expensive homes sold in 2025.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Midwest Real Estate Data restored Zillow’s access to its licensed listing data May 22 after a federal judge granted Zillow’s request for a preliminary injunction, ordering MRED to reinstate listing feeds to its consumer websites while the companies’ legal

The $6.37 million deal was finalized on May 18.

Among the top 50 metro areas, Boston and Miami led the pack. 

Homes on the April ranking of the 10 most expensive Arizona home sales range from $7.5 million up to $32.5 million.

The Who’s Who in Phoenix | Scottsdale Real Estate 2026 launch party was sponsored by Belgravia Group and Guaranteed Rate Affinity, which served as the exclusive mortgage sponsor.

Camelot Homes and Shea Homes were the most awarded Phoenix-area builders at the 2026 MAME Awards, an annual celebration from the Home Builders Association of Central Arizona.

Zillow has filed an antitrust lawsuit against Midwest Real Estate Data and Compass over an April agreement to share Compass’s listings through MRED’s private listing network.

According to the latest Market Update from Phoenix REALTORS®, buyers purchased 4,910 properties during the month, up from 4,671 during the same time frame in 2025.

Courtney Weston was named on the National Association of REALTORS®’ 30 Under 30, an annual ranking honoring promising young real estate professionals.