🔥 May Market Heat Check: Who’s Hot & Why AZ Is Warming Up

The latest 🔗Realtor.com Market Hotness report is in—and it’s clear: the Northeast and Midwest are dominating, but Phoenix is quietly heating up!

🌟 Quick Takeaways

• Springfield, MA snagged the #1 spot—again—thanks to low inventory and high demand.

• 13 of the 20 hottest markets were in the Northeast, with New England cities filling out the top six.

• Prices held steady nationwide, but the hottest markets saw a slight average bump of +0.3%.

• Homes in hot markets sold in just 28 days on average—over three weeks faster than the national median!

🔥 Arizona Watch: Phoenix Is Warming Up

While not in the Top 20 (yet!), Phoenix-Mesa-Scottsdale climbed 19 spots in the national hotness ranking. Here’s how it stacked up:

• #271 out of 300

• Homes getting 70% of the national average viewership

• 58 days on market, which is 7 days longer than the U.S. average

• Still, it’s cooling less than other major metros, showing potential as we head into summer.

👉 Translation for AZ buyers and sellers: Phoenix isn’t in frenzy mode like the Northeast, but it’s slowly heating up again. If you’ve been waiting for the right moment, this summer could be your window before competition picks back up.

🏘️ What It Means for You

• Buyers: If you're looking in Phoenix, you’ve got a little breathing room—for now. But with investors active in low-priced markets, waiting too long might mean competing with cash offers.

• Sellers: If you’re in Arizona, especially Phoenix and surrounding areas, the market is quietly regaining strength. Listings that are priced right will still move—just not overnight.

📞 Thinking about buying or selling this summer? Let’s make a plan! I’m here to help you navigate the current market—whether you’re looking to jump in now or prep for later.