Are there a lot of new construction homes in Phoenix?

There is no specific data available about the number of new construction homes in Phoenix right now. However, I can share some details about the overall housing market. The median listing price in Phoenix is $475,000. This is a bit lower than last year. The price per square foot is $264. This is also a little less than it was last year. Right now, there are 17,707 homes actively for sale. This is slightly more homes on the market compared to a year ago. Homes are staying on the market for 67 days on average before going under contract. This is a little faster than the previous year. About 27.6% of homes have had their prices reduced. This share is slightly down compared to last year. If you are looking to buy, it's a good idea to consider all available options, not just new builds, given the current market conditions.