42% More Supply than Last Year!
But First…
I was interviewed by Mark Brodie for “The Show” on KJZZ!
42% More Supply for Sale than Last Year!
Notice that supply is usually flat or falling this time of year, not increasing like this year.
But also be aware that the metro Phoenix population is about 20% more than 10 years ago.
Arizona Housing "Affordability" Bills
Prices Since the Peak in 2022
According to ResiClub.
Click on the graphs to go to the full-size, interactive versions.
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.
Good information. I went to a few open houses last weekend in Phoenix and Scottsdale. Definitely a lot more product and some price cuts, but since I don’t need to buy, there is not yet a compelling reason to write an offer.