As we welcome a new year, it’s time to reflect on the one that has gone by. The Valley of the Sun has long been a hotbed for real estate activity, and this past year was no exception. From fluctuating market trends to unprecedented shifts in buyer behavior, the landscape of Arizona’s real estate market underwent notable changes that kept industry professionals and homeowners alike on their toes. One thing to make note is that we had the lowest amount of transactions in the Arizona MLS since 2007. That being said, Scottsdale, Paradise Valley, & Phoenix increased in average price in 2023. Take a look below for your city:
