Top Medium Teams in Phoenix, Arizona – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1RO Luxury GroupNorth&Co.Phoenix, AZ$80,113,500View Profile
    2The Caniglia GroupNorth&Co.Phoenix, AZ$54,900,052View Profile
    3Desert Elite GroupBerkshire Hathaway HomeServices Arizona PropertiesPhoenix, AZ$37,079,458View Profile
    4The Phil Tibi GroupNorth&Co.Phoenix, AZ$31,946,182View Profile

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    2023 Phoenix, Arizona Market Summary

    Phoenix, Arizona started 2023 with a total of 1,936 single-family homes on the market, with a median home price of $465,000 and an average price per square foot of $307. By the end of the year, inventory had decreased to 1,520 homes on the market (-21%), with a median home price of $559,950 (+20%) and an average price per square foot of $339 (+10%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 56 days.

    Phoenix started the year with 61% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 48% of Phoenix homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Phoenix started 2023 as a seller’s market, with an MAI score of 43; by the end of the year, the MAI had dropped to 39 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

    Lawsuits, Courts, Justice 8

    Gibson plaintiffs take issue with eXp’s commission lawsuit settlement agreement 

    Oct 23, 2024By

    The Gibson plaintiffs seek to transfer the Hooper suit to Missouri, allowing Judge Stephen Bough to oversee the approval of eXp’s settlement.

    Housing Market News

    DC, Treasury 1

    Treasury announces support to develop 26,000 affordable housing units 

    Oct 23, 2024By

    The department has awarded nearly $250 million to build up to 750 owner-occupied units and 25,600 rental units.

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    Agent News

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    Agent mobility hits lowest point in eight years 

    Oct 23, 2024By

    The latest data for September 2024 reveals a significant downturn in agent mobility, with the seasonally adjusted metric hitting its lowest point for September in eight years. This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season.