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.
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.
Luxury Homes in Arizona 11-11-2024
Over the past three weeks, 44 more homes have sold in Arizona for $3 million or more, bringing the total to 621.
Metro Phoenix Housing Update: August 2024
Hi, it’s Michael Hankerson. Today is September 4th, and something very interesting happened last month regarding the national economic numbers and the local Metro Phoenix housing market.
Metro Phoenix Housing Update July 2024
It’s no surprise that the average sale price of a single family detached home in the Metro Phoenix Area dropped by $28,625
A Look into the Arizona Luxury Home Market – July 29th 2024
The shocking development over the past three weeks is that half of the homes under contract for $14 million or more have been canceled.
Luxury Home sales in Arizona – July 7th, 2024
Over the past couple of weeks, 43 more homes sold for $3 million or more in Arizona, bringing the total to 419.
Metro Phoenix Housing Update June 2024
Two things stand out to me: the number of homes sold in June and the number of homes under contract at the beginning of July.
The Top 10 Zip Codes in Arizona
Travel with us through the top 10 zip codes in Arizona for luxury, entertainment, golf, shopping, and dining, with Michael Hankerson and the luxury real estate experts at the Hankerson Team.
