Metro Phoenix Housing Update – May 2025

Inventory increased slightly compared to last month and is up 53% year-over-year. The average number of days homes have been on the market rose to 80. Both closed sales and the number of homes under contract declined.

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Metro Phoenix Home Prices Drop $45K in 4 Weeks

The Metro Phoenix housing market just experienced a last-minute shift. A flurry of end-of-month closings helped rebalance the supply / demand ratio—improving conditions slightly for sellers. While the average sale price is still down—now nearly $45,000

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A Look Into Luxury April 5th 2025

Arizona’s luxury real estate market is on fire in early 2025! Sales of homes priced at $3 million and above are soaring, with over 80 properties moving each month—a stunning 35% increase from last year. The ultra-luxury segment is also setting records, with three homes over $14 million sold, already outpacing 2023’s total. Amidst this boom, rising inventory levels hint at potential shifts. Stay ahead of the market trends—contact Michael Hankerson for exclusive insights and personalized guidance.

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