Greater Phoenix home sales rose 4.6% from July and 2.8% year-over-year for 2025, outpacing national growth. Inventory increased 23.5% to 4.2 months, while new listings dropped 9.7%. Median home prices remained stable at $475,000 in August, with a slight annual rise to $480,000. Days on market increased to 78. Some cities like Phoenix, Scottsdale, Gilbert, Queen Creek, Goodyear, and Surprise showed varied sales and price trends.
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