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
Historically low inventory has been the story for 2020.
While prices are up, interest rates are flat and still at historic lows.
While prices are up, interest rates are down.
The pandemic has impacted all aspects of selling and buying
These are unusual times, and how far this all goes and where it ends is still unclear.
The inventory of homes for sale has not been this low since 2001
The impact of our very chronic inventory shortage can’t be overstated.