The affidavits from Maricopa County Recorded that were filed in June have now been counted and collated and we have the following preliminary statistics:

• There were 9,478 closed transactions in June, down 22.4% from June 2021. New homes were down 7.7% to 1,533 while re-sales were down 24.8% to 7,945.
• The median sales price was $486,824. This is down 0.65% from last month but up 21.7% from June 2021.
• New home median was $500,454, almost unchanged from last month (down $36) but up 22.8% from June 2021
• The re-sale median was $484,000, down 0.41% from last month but up 21% from June 2021.

These are for single-family detached and condo / townhouse properties.

In summary, prices have stopped rising but are still much higher than last year while sales volumes are dramatically lower than last year.

The trends in re-sales tend to show more volatile movement than in new homes.

Market incites provided by the Cromford report.