Phoenix, Tucson Show Steady Progress in Housing Affordability

Arizona's largest housing markets ranked mid-range in affordability and homebuilding, with Phoenix-Mesa-Chandler at No. 40, earning a C grade and a median listing price of $507,246. Tucson and Las Vegas ranked lower, both with C- grades. Southern California markets performed poorly, with Riverside and San Diego receiving F grades, and Los Angeles ranking last nationally at No. 100.