Inventory Shortage Swings into September
Low inventory and falling interest rates make for a strong seller’s market.
The Inventory Continues to Shrink
The number of active listings this month is down an additional 11% from last month!
Shrinking Inventory
Lack of inventory continues to squeeze buyers
A Drop in Interest Rates
Residential real estate in greater Phoenix continues to see price appreciation
Tracking the Phoenix Real Estate Market
May continues our listings and sales resurgence for the greater Phoenix area.
Home Sales Continue Their Rise
The monthly median sales price for greater Phoenix is up 4.6% year over year to $266,000, so buyers and sellers should still expect a relatively competitive market.
Spring Buying Season
This month marks the first full month of our annual, spring buying season.
Market Trends
Prices are still going up but at a much slower rate.
