From Michael Orr at the Cromford Report: The short supply of homes for sale in the Phoenix area is getting more severe. March 29 – The supply shortage is getting increasingly severe as new listings are now being added to ARMLS at the slowest seasonal rate since the current ARMLS database began in 2000. This [...]
Posts tagged as:
Phoenix Homes For Sale
The media talks about the hot Phoenix real estate market, yet most home sellers I meet are still operating from a perspective that no one is buying homes these day, because the market is so bad! However, any home buyer will tell you, it’s a battle out there. Multiple offers are common in the lower [...]
The generally accepted definitions of a buyer’s or seller’s market in real estate: More than 7 months of inventory (listed homes for sale) is a buyers’ market. Five to seven months is a balanced market. Five months or less is a seller’s market. From the looks of this chart (data courtesy of the Arizona Regional MLS), we [...]
