Metro Phoenix housing market gains momentum as sales increase

Metro Phoenix housing sales rose 4.1% year-over-year, with new listings up 15.4%, though pending sales fell 7%, indicating buyer caution. Median home prices increased 2.1% to $485,000, with affordability steady at an index of 67. Phoenix saw similar trends; Scottsdale's median price jumped 8.6% to $1.23M despite a 10.5% drop in pending sales. Goodyear led with a 43.2% sales increase, while Chandler and Peoria had modest price changes and sales growth.