The market continues to send mixed signals
iBuyers have purchased so many homes in the last month that they are significantly distorting the market dynamics
Supply continues to move higher.
Supply is still a very long way below normal
In the past 30 days, 44% of MLS recorded home sales closed over asking price
Housing inventory for the greater Phoenix area continues to hover at some of the lowest levels ever seen.
Phoenix is still in the top five states for inbound relocations in America
December real estate in the greater Phoenix area continues to suffer from an acute housing shortage.
Multiple offers above asking price are not unusual in this market.