Over the past few years, new home builders in Maricopa County have held their ground better than the resale market by leaning heavily on mortgage rate buydowns. After 30-year mortgage rates spiked from 3.9% to over 7% in 2022, builders began subsidizing rates to ease monthly payments for buyers, a p

The latest housing data across Greater Phoenix shows a more balanced market than we've seen in recent weeks. Nine cities became more favorable for buyers over the past month, while the other nine shifted in a direction more favorable for sellers. Gilbert, Queen Creek, and Maricopa jumped from red (b

The October affidavits of value for Maricopa County are in, revealing a mixed performance across the housing market. A total of 6,059 properties closed during the month, a slight 1.5% drop compared to October 2024, but still a 2.1% improvement over September 2025. Breaking it down, resale transactio

The latest S&P / Case-Shiller® Home Price Index® was just released, offering insight into home sales data from June to August 2025. It’s important to note that this information lags the current market significantly; the average closing occurred in mid-July, more than three months ago. Still, the rep

Over the past month, the Greater Phoenix housing market has continued to shift in favor of buyers. Fifteen of the eighteen major cities have moved in a more buyer-friendly direction, while only three, Tempe, Gilbert, and Buckeye, have become more favorable for sellers. Cave Creek, Peoria, and Avonda

The Phoenix housing market continues to shift in favor of buyers as 15 out of the 18 largest cities have become more favorable to them over the past month. Only three cities, Tempe, Gilbert, and Mesa, moved in a direction more favorable for sellers. Leading the pack for buyers are Cave Creek and Avo

The Greater Phoenix housing market is shifting once again, and this week’s update brings several key changes. First, the list of major cities has expanded to 18, as Queen Creek has now been split into Queen Creek (ZIP 85142) and San Tan Valley (ZIPs 85140, 85143, 85144). San Tan Valley now stands as

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 im

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 outside

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 Septem

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 si

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 prime

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 9.3%,

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 fact,

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 momentum f

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 decline

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 citi

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 condit

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% indi

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 favorable f