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.
Third quarter closings in greater Phoenix were the second highest in history.
Just like last month, our very hot market is driving higher prices.
July had a record number of closings