It could be a fluke but we saw a big jump in the months of supply over the last 2 weeks, from 2.0 months of supply to 2.7 months of supply.
We’ll need to watch this closely.
Homes for Sale = “Normal”
For the last 3 weeks, homes for sale in the Phoenix MLS have been tracking close to 2017, a “normal” year.
Is the abnormal increase in the number of homes for sale we saw during the first 6 months of 2024 now over? Probably not. We’ll know in a few weeks.
Phoenix Evictions Make the National News!
Economic Club of Phoenix
Great summary of the economic outlook from the Economic Club of Phoenix last May. A lot of real estate discussion.
Video of the entire meeting, here.
“What will the pullback in multifamily construction permitting mean for the rental market?”
I Always Like Reading the Combs Law Group Newsletter
– Combs Law Group website.
You can subscribe to their free newsletter, here.
Click on the graphs to go to the full-size, interactive versions.
Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.