Scott Sambucci over at Altos Research analyzed the Phoenix real estate market recently.
A few of his insights from “The Phoenix Real Estate Market: Out of the Ashes?“
- Re-lists are down.
- Fewer and smaller price reductions.
- Prices have stabilized.
- Inventory and Days-on-Market are down.
As Scott points out, the future remains to be seen, and…
The obvious question is whether or not these gains are sustainable with the ongoing increases in foreclosure rates and the “shadow inventory” on bank balance sheets.
Head on over to read this relavant article and get the full story.
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Hi Dru – thanks for reposting! And a big CONGRATULATIONS for making the Forbes list of top real estate blogs!