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.
15 Key Stats That Reveal Where the Phoenix Housing Market Is Headed
Wondering where the Phoenix housing market is headed?
We break down the 15 key stats that matter most—from mortgage rates and inventory to Bitcoin and luxury sales trends. Whether you’re buying, selling, or investing, these insights help you make smarter real estate decisions in Metro Phoenix.
Two $30 Million Deals Closed on the Same Day in Metro Phoenix
Two $30 Million Deals Closed on the Same Day in Metro Phoenix?
It happened on May 22nd — and that’s not all. Two major price drops could signal fresh opportunities.
👉 Click to see what it means for buyers, sellers, and investors.
Elevated Elegance: Ultra-Luxury Homes That Span Arizona’s Desert Washes
Luxury that Floats Above the Desert.
Discover the architectural marvel of ultra-luxury homes that span Arizona’s natural washes—blending engineering brilliance with untouched Sonoran beauty. This isn’t just home design; it’s living art in harmony with the land.
Paradise Valley’s $13.5M Ultra-Luxury Estate with Iconic Camelback Views
Join Michael Hankerson, Designated Broker for Luxury Division, on an exclusive tour of, a $13.5M ultra-luxury estate in the heart of Paradise Valley, Arizona. Set on 1.1 gated acres with dramatic views of Camelback Mountain, this modern residence offers nearly 9,600 square feet of high-end living.
Elements that Define True Ultra-Luxury Living
The world’s most iconic residences—those featured in Architectural Digest or perched high on desert ridgelines—are increasingly crafted from three enduring materials: concrete, steel, and glass.
Why Concrete, Steel & Glass Define True Luxury
For discerning buyers, a true luxury home is more than square footage or finishes—it’s an architectural statement.
Advantages of Concrete, Steel, and Glass in Luxury and Ultra-Luxury Homes
Why are the world’s most iconic luxury homes built from concrete, steel, and glass? Discover how these materials create bold, timeless architecture with unmatched views and structural elegance. Explore the advantages that define ultra-luxury living.
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
Inside a $9.9M Hillside Estate in Paradise Valley
Explore this private 5+ acre hillside estate on Mummy Mountain in Paradise Valley, Arizona — with panoramic views, an infinity-edge pool, and over 8,400 sq ft of luxury living. Priced at $9.9M, this is Arizona elegance at its finest.
As supply outpaces demand price reductions are common
As supply continues to outpace demand in the Metro Phoenix area—and with what I consider the end of the “season” approaching next weekend on Easter Sunday—motivated sellers are making significant price reductions to get their homes sold.
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.
