Price band
$3M – $5M
- Active
- 0
- Median PPSF
- —
- Median DOM
- —
Empty inventory; no active $3-5M listings tracked.
Yong’s Monthly Read
February 2025
February 2025 read — pending publication
Phoenix metro · Full stat suite + Yong’s read
Median PPSF
$265
+0.8%MoM+2.2%YoY
Median DOM
70days
-6.7%MoM+9.4%YoY
Closings
8,163
+17.3%MoM+0.4%YoY
Closed volume
$3807.2M
+7.9%YoY
New listings
—
Sum of weekly mart
Months of supply
2.1mo
Trailing 12 · sellers
The read
Yong’s February read is in development; the editorial pass publishes on the 15th of the following calendar month.
In the interim, the stat tiles above carry the latest closed data from ARMLS — median price-per-sqft, days-on-market, transaction volume, and inventory by tier. The trend chart anchors twelve months of context.
For a private read on how this month’s data applies to a specific address, neighborhood, or representation question — reach out directly.
Yong Choi
Global Real Estate Advisor
Twelve-month trend
Median price per square foot.
By the tier
Two luxury bands. Two different markets.
Active snapshot · 2026-05-13
Price band
$5M+
- Active
- 0
- Median PPSF
- —
- Median DOM
- —
Empty inventory; no active $5M+ listings tracked.
How we read the market
Three inputs.
- 01
ARMLS recorded transactions
1.84M Valley records · refreshed every 4 hours
The full set of MLS-listed transactions. Source-of-record for headline volume + closed-price stats.
- 02
Public deed filings
County recorder · weekly cross-reference
Captures recorded transactions that didn’t pass through the MLS — including off-market trades, intra-family transfers, and entity-to-entity sales.
- 03
Private RLSIR registry
Off-market trades facilitated by the network
Yong’s and the Russ Lyon Sotheby’s International Realty network’s direct knowledge of pocket trades, club-membership-driven transfers, and pre-MLS introductions.
Weekly cadence reports the supply pulse (new-listing cadence + rolling averages) at metro granularity. Monthly cadence reports the full stat suite: median price-per-sqft, median days-on-market, transaction volume, and inventory tier breakdown. Adjustments are noted inline where applicable.