Are there a lot of new construction homes in Phoenix?

Actually, the number of new homes hitting the market in Phoenix has gone up quite a bit. Many more homes are being listed now compared to a year ago. Specifically, new listings in Phoenix have increased by 9.5% over the last year. This means there are more new options for you to consider. Even with more new homes listed, the total number of homes for sale has slightly decreased, down 4.1% from last year. So, while new homes are coming on, the overall inventory isn't growing. The average home in Phoenix is listed at $849,438, which is 2.3% lower than last year. The median listing price is also down slightly to $498,000, a decrease of 5.1% from a year ago. Homes are also staying on the market a little longer, with a median of 60 days, up 3.5% from last year. This might give you more time to consider your options. If you're looking for a new home in Phoenix, the increase in new listings means more choices are becoming available now than in the past year.