We Have 2 Different Markets in Phoenix

By John Wake

Interactive Charts – Weekly and Monthly

My Latest on Forbes.com

A Housing Bust Will Hurt Baby Boomers Too, Not Just Millennials

After it’s been on Forbes.com for 5 days, I’ll publish it on my other website which is, of course, open access.

We Have 2 Different Markets in Phoenix

If you’re buying or selling a house right now, you gotta keep this in mind.

The number of smaller houses for sale in Phoenix has skyrocketed far above pre-Covid levels but the inventory of larger houses for sale is still tight. pic.twitter.com/QxqwcaZ0bn
— John Wake (@JohnWake) November 14, 2022

Will the inventory of larger houses catch up with the smaller houses?

Why the huge difference?

Is it partially because the smaller houses are in the iBuyer buy box and iBuyers are selling a lot more houses than they are buying? pic.twitter.com/2AdDlAUYyE
— John Wake (@JohnWake) November 14, 2022

Now for something completely different

Click on the graphs to go to the full-size, interactive version.

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.

Published on November 20, 2022