No video analysis this month.
I didn’t expect the inventory to increase in February. Oh, well.
The “frustrated sellers” won this round after losing a few to the “waiting buyers.”
I expect inventory to decline next month… but then again… that’s what I said last month. Forewarned is forearmed.
Metro Phoenix homes sales (closings) were weak in January as expected. They reflect the weak sales (contracts) in December.
The median home price stayed amazingly flat at $250,000.