New Listings Rise as Summer Comes to a Close

As summer winds down in Arizona, I’m seeing a 1.2% increase in new U.S. home listings—reaching a three-month high. Yet, interestingly, pending sales have dipped by 1.3%, now sitting at their lowest since March. While the median asking price edged down by 0.1%, the median sale price is still 1.8% higher than this time last year, even as buyers face higher mortgage rates and economic uncertainty. With over 17 years in real estate and experience from the lending side to commercial and now residential resale, I’ve learned how subtle shifts like these can create unique opportunities for both buyers and sellers across the valley. Navigating these changes and helping clients turn houses into homes is what makes this market so rewarding for me.