Phoenix single-family home sales gain footing in Septembers climbed nearly 11% in September, a promising sign after a flat and dismal summer. The 10.8% rise over September 2024 topped a month of steady numbers and some bright spots for the residential real estate market, according to data from Phoenix REALTORS®.

“Closed sales were comfortably up last month compared to September last year,” said Christy Walker, board president of Phoenix REALTORS. “While this is an encouraging sign, the rebound we saw in September may slow this month as higher interest rates and the ongoing government shutdown weigh on activity.”

Year-to-date pending sales are holding steady, up just 0.2%. New listings continue to grow, up 8.9%, which brings a 19.4% increase in the inventory supply to 4.3 months, compared

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