WEEKLY MARKET UPDATES

Phoenix Luxury Market Surges in September, Driving Overall Price Gains

In September, the luxury housing market in Greater Phoenix saw a notable resurgence, particularly in the ultra-high-end segment. After a slow summer with zero sales over $10 million in August and just one in July, September produced six closed sales above $10 million. These properties averaged an
Canadian Homeowners Quietly Exiting the Phoenix Market

Over the past 12 months in Maricopa County, 960 homes sold through ARMLS were owned by sellers who had previously registered a Canadian tax mailing address. While this number doesn’t capture all Canadian sellers, such as those who list their Arizona property as their mailing address or sell outsi
Why Mortgage Rates Rose After the Fed Cut Rates Again

Over the past several months, the Federal Reserve has dominated housing market discussions. As September approached, many grew increasingly confident that the Fed would lower the federal base rate and with it, assumed mortgage rates would drop. But this assumption overlooked a key lesson from Sep
5 Kitchen Design Choices That Instantly Boost Resale Value

The kitchen is often called the heart of the home, and for good reason, it’s where families gather, meals are shared, and memories are made. When it comes time to sell, the kitchen is also one of the top factors buyers consider. A well-designed kitchen can increase resale value, help your home sell
Phoenix Housing Market Slows Its Shift Toward Sellers

The Phoenix-area housing market continues to shift in favor of sellers, but the pace is beginning to slow. After weeks of steady upward momentum, the average monthly change in the Cromford® Market Index (CMI) dropped to 7.6%, down from 8.4% last week. While demand is climbing steadily, the supply
Local Living: Biltmore & Camelback Corridor in 2025

The Biltmore and Camelback Corridor remain two of the most sought-after areas in Phoenix real estate. Known for upscale living, central location, and a unique mix of modern luxury with historic charm, this part of the Valley continues to attract buyers from across the country in 2025. Market Snapsh
Design and Build Tips: Simple Upgrades That Add Big Value to Your Home

When it comes to improving your home, not all upgrades are created equal. The smartest renovations are the ones that balance design appeal with build quality projects that not only make your home look better but also increase its long-term value. As both a Realtor® and Licensed General Contractor, I
Phoenix Housing Market Sees September Surge in New Listings

The first week of September has brought a notable shift in the Phoenix housing market, just as predicted. New listings have jumped to approximately 2,200 per week, a pace we haven’t seen since May. Interestingly, about half of these listings are arriving right before the weekend, aligning with pr
Phoenix Market Spotlight: Biltmore & Camelback Corridor in 2025

The Biltmore and Camelback Corridor remain two of the most sought-after areas in Phoenix real estate. Known for upscale living, central location, and a unique mix of modern luxury with historic charm, this part of the Valley continues to attract buyers from across the country in 2025. Market Snapsh
Phoenix Housing Market Tilts Further Toward Sellers as Supply Shrinks

Over the last six weeks, the Greater Phoenix housing market has been steadily shifting in favor of sellers. Supply continues to shrink while demand rises, and this week's average monthly change in the Cromford® Market Index (CMI) is up 9.4%. While that’s only a slight increase from last week’s 9.
Moving to Phoenix in 2025? Here’s What You Need to Know

Phoenix isn’t just the 5th largest city in the U.S. It’s one of the fastest-growing metros, attracting buyers from California, Texas, and beyond. If you’re thinking about making the Valley of the Sun your home, here’s everything you need to know. 🌡️ Weather & Lifestyle Phoenix is famous for its su
Mortgage Rates Dip to 6.52% as Phoenix Demand Begins to Rebound

Mortgage rates have quietly shifted in favor of buyers. The typical 30-year fixed rate now sits at 6.52%, a welcome drop from the 7%+ levels we saw earlier this year. While this rate may not feel "low" by recent standards, it’s important to zoom out: the long-term median since 1971 is 7.3%. In fa
Phoenix Housing Market Gains Momentum as Seller Conditions Widen

The seller-friendly trend in the Phoenix-area housing market continues to accelerate for the fourth straight week, driven primarily by falling supply. The average monthly change in the Cromford® Market Index (CMI) now sits at +8.4%, a noticeable uptick from last week’s 6.9%. This positive momentu
Phoenix Housing Market Gains Momentum as Seller Conditions Improve

The Phoenix area housing market has continued its recent trend in favor of sellers, showing further momentum in the month of August. The Cromford® Market Index (CMI) reflects a monthly average change of +6.9%, a notable jump from last week's 4.5%. This surge is largely driven by a consistent decl
Phoenix Housing Market Shifts Toward Sellers as Supply Falls

The Phoenix housing market continues its recent shift in favor of sellers, with momentum gaining pace. The average monthly change in the Cromford® Market Index (CMI) now stands at 4.5%, a noticeable increase from last week's 2.7%. This marks the third consecutive week of upward movement. Eleven c
Phoenix Real Estate Update: Sellers Regain Slight Edge as Inventory Tightens

After several months of buyer-friendly trends, the Greater Phoenix real estate market has begun to shift back in favor of sellers. The average monthly change in the Cromford® Market Index (CMI) rose to 2.7%, up from just 0.4% the previous week. This uptick suggests growing momentum, as seller con
Phoenix Buyer Demand Drops Below Long-Term Average in July 2025

The percentage of listings under contract in July 2025 sits at just 13.4%, significantly below the long-term average of 21.2% observed from 2000 to 2025. This metric serves as a key indicator of market activity, and historically, any value above 24% signals a “hot” market while values below 18% i
Phoenix Housing Market Shows Signs of Stabilization Amid Slowing Decline

The Greater Phoenix housing market continues to show signs of softening for sellers, but the downward momentum appears to be slowing. This week’s average change in the Cromford® Market Index (CMI) is -0.8%, a notable improvement compared to last week’s -1.7%. While conditions remain more favorabl
Luxury Markets Outperform as Entry-Level Home Prices Decline Across the Valley

Over the past year, median sales prices have revealed a clear stratification across different housing markets in the Valley. By comparing monthly median sales prices with figures from 12 months ago, a consistent trend is emerging that luxury markets are holding their ground or even apprecia
Phoenix Home Prices Lag Behind as National Housing Market Trends Upward

The latest S&P/Case-Shiller® Home Price Index® offers a fresh look at the housing market, though the data lags real-time conditions. The newly released figures, covering February through April 2025, reflect transactions that typically closed around mid-March, making the data over three months old
Nick Calamia

Nick Calamia

Phone:+1(631) 617-9743

Leave a Message

What would you like to know?