Inventory Way Up. Sales Way Down.
Phoenix homes sales were way down and the inventory of homes for sale was way up in January.
Is this the beginning of another real estate bubble?
Nope. It’s exactly what the market needed to prevent it from becoming over-priced. The Phoenix real estate market is not at all over-priced in my opinion.
Both of the graphs in the video are from The Cromford Report will is available to members of the Phoenix area Multiple Listing Service for a subscription fee.