Don’t let that first chart fool you. Phoenix is in a balanced/normal/average/boring market.

The number of homes sold is down but the number of homes hitting the market is down as well. We have a balanced market in metro Phoenix.

Now, your particular neighborhood may be different but for Phoenix as a whole, the market is balanced.

Click to see full report (14 charts)

Phoenix Real Estate Market Dec 2014

What do you see happening to the market in your area?

Let us know in a comment below.