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Phoenix

Gorgeous desert scenery sets Phoenix apart from other cosmopolitan cities in the United States. In fact, Phoenix has more land designated for parks and preserves than any other major city in the nation. In addition to its natural beauty and Old West roots, Phoenix is home to an array of theater, shopping, dining, museums and more cultural attractions.

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484

Total Number of Projects

$359,277

SFD New Home List Price

$66,286

Median Household Income

41,102

Total Housing Permits

Market Health

Phoenix's population is 4.9M, with a total workforce of 2.2M. The labor market grew by 58,500 jobs over the past year, up by 2.7%. The median household income in Phoenix is $66,169, 2.7% higher than last year and 4.7% above the national average of $63,179.In the housing market, total permits issued totaled 40,558 over the last twelve months, up 30.7% year-over-year. Phoenix has 555 active new home projects on the market, 11.6% fewer than the 628 from last year. The average list price in the market is $370,929, 5.2% higher than last year and 15.4% above the national average. Over the last three months, new home contracts increased by 11.7% to 6,143. Phoenix and Queen Creek had the highest concentration of the new home contracts in the Phoenix market.

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November 10, 2020

11:00 AM MT
Phoenix
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