Top Mega Teams in Arizona – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1JMGJason Mitchell Real EstateScottsdale, AZ$4,193,656,121View Profile
    2The Laughton TeamMy Home GroupPeoria, AZ$643,929,759View Profile
    3KP Elite | Zaback GroupLPT RealtyChandler, AZ$341,483,001View Profile
    4The Rider Elite TeamKeller WilliamsScottsdale, AZ$298,331,775View Profile
    5Be Wealthy NetworkKeller WilliamsMesa, AZ$267,071,178View Profile
    6The Carin Nguyen Real Estate NetworkReal Broker LLCLitchfield Park, AZ$245,409,846View Profile
    8Sibbach TeameXp RealtyScottsdale, AZ$232,945,720View Profile
    9The Luna Teamexp realtyAvondale, AZ$227,563,579View Profile
    14The Wehner GroupWehner Group eXp RealtyScottsdale, AZ$144,526,451View Profile
    15Wehner GroupeXp RealtyScottsdale, AZ$143,671,245View Profile
    16APX Real Estate GroupeXp Realty LLCLake Havasu City, AZ$138,971,597View Profile
    30The Curtis Johnson TeameXp RealtyChandler, AZ$102,561,751View Profile
    31The Garcia GroupeXp RealtyLitchfield Park, AZ$101,633,705View Profile
    34Tackett TeameXp RealtyScottsdale, AZ$99,865,672View Profile
    37Stratton GroupKeller Williams Southern ArizonaTucson, AZ$93,056,208View Profile
    48Wilhems TeameXp RealtyTucson, AZ$74,929,290View Profile
    51The Rugolo TeameXp RealtyScottsdale, AZ$68,728,782View Profile
    54The Ethridge TeameXp RealtyChandler, AZ$65,010,196View Profile
    77Group 46:10eXp RealtyScottsdale, AZ$48,817,096View Profile
    90Alan Levanson TeamBerkshire Hathaway HomeServices Arizona PropertiesScottsdale, AZ$43,790,250View Profile

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    2023 Arizona Housing Market Summary

    Arizona started 2023 with a total of 16,332 single-family homes on the market, with a median home price of $470,000 and an average price per square foot of $281. By the end of the year, inventory had decreased to 14,636 homes on the market (-10%), with a median home price of $509,992 (+8%) and an average price per square foot of $307 (+9%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days. Arizona started the year with 48% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 40% of Arizona homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Arizona started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

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    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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    The times they are changing: Adapting to the NAR settlement agreement 

    Aug 28, 2024By

    The NAR settlement agreement, announced earlier this year, has been an extremely hot topic for agents and prospective homebuyers in the real estate world. This new settlement agreement was enacted on August 17th, 2024, and has been designed to increase transparency in real estate transactions and change how compensation is communicated and negotiated between parties. We have […]