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)
What do you see happening to the market in your area?
Let us know in a comment below.
Thanks!