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HOUSING MARKET

Phoenix housing market sees price gains, but sales lag as summer slows

The number of home listings and the median sales prices keep climbing in the Valley, according to year-to-date data from Phoenix Realtors.

The summer doldrums continue into September, with August’s sales and closings to date running below last year’s numbers.

While greater Phoenix new listings are up 14.2% and the median sales price is up 4.8% year-to-date, pending sales are down 7.8%, and closed deals are down 3.8% compared with 2023 year-to-date numbers, according to a press release from the Phoenix Realtors.

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