In a Bubble?
So, are we in a bubble?
Very Low Inventory–Still!
In the past 30 days, 44% of MLS recorded home sales closed over asking price
Incredibly Consistent Market
Housing inventory for the greater Phoenix area continues to hover at some of the lowest levels ever seen.
Trend Continues–Higher Prices, Lower Inventory
Phoenix is still in the top five states for inbound relocations in America
Acute Housing Shortage Continues
December real estate in the greater Phoenix area continues to suffer from an acute housing shortage.
Housing Inventory in Short Supply
Multiple offers above asking price are not unusual in this market.
Homes Still Selling Quickly
Third quarter closings in greater Phoenix were the second highest in history.
Sellers Still in the Driver’s Seat
Just like last month, our very hot market is driving higher prices.
