Today, I’m looking at a couple markets that I am spending quite a bit of time in, and have used a couple of Cromford Report charts that will give you a good idea of: The decreasing number of homes for sale in Phoenix, Scottsdale, and Paradise Valley. The significant increase in REO (bank-owned) listings, particularly in [...]
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real estate inventory
Yes, the number of homes for sale in the Phoenix Metro market is dropping, and this inventory reduction is creeping into the higher price ranges, but Scottsdale has yet to see the surge and record setting sales that most of the rest of the valley have been experiencing. Over at Click2AZ.com, I recently wrote A [...]
Yes, the number of homes for sale in the Phoenix Metro market is dropping, and this inventory reduction is creeping into the higher price ranges. As of April 5th, homes priced in the range of $175,000 were clearly in the seller’s market range, which is typically defined as 5 months or less of inventory. Homes [...]
