Phoenix residential real estate activity held its own in July, according to data from Phoenix REALTORS®.

In year-to-date data, closed sales were up 1.8% over 2024 and down just a fraction, 0.3%, since June’s report. New listings continue to grow in year-over-year comparisons, up 11.3% over the same period last year. Since June, new listings have also dipped by 0.3%.

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Pending sales dropped 27.3% in month-over-month comparisons and 1.8% in a year-over-year look at the numbers. July’s data brings the number of pending sales, 3,323 homes, to the lowest mark since December 2007.

“National economic uncertainty makes it tough to try and find a trend in the numbers,” said Christy Walker, board president of Phoenix REA

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