Should I buy new construction or resale in Phoenix?

The data provided doesn't distinguish between new construction and resale homes, so it's not possible to give a direct comparison based solely on these numbers. However, I can tell you about the overall trends in the Phoenix area right now. The median listing price in Phoenix is $475,000, which hasn't changed from the prior month. Compared to last year, prices are down 4.8%, meaning homes are generally listed for less money than they were at this time last year. There are more homes available now, with active listings up 7.5% over the past year. This means you have more choices when looking for a home. New listings also increased by 3.6% compared to last year, adding fresh options to the market. Homes are selling a bit quicker than before, with the typical home staying on the market for 62 days. This is almost 5% faster than last year. Also, about 29% of homes have had their prices reduced, which is a slight increase from last year, suggesting some flexibility in pricing. Right now, with more choices available and homes selling a little faster while prices are slightly down from last year, it's a good time to explore your options. Focus on finding a home that fits your needs and budget, whether it's new or pre-owned.