We’re home to year-round sun, hot desert temps, and snowbirds living in suburban settings in the Valley of the Sun.

58,500

Jobs Created
2.7%

$66,169

Median Household Income
2.7%

40,558

Total Housing Permits
30.7%

555

Total Number of Projects
-11.6%

$370,929

SFD New Home List Price
5.2%

0

New Home Sales
11.7%
Monthly

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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Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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