Phoenix Months of Supply Highest Since 2014
Number of homes for sale in Phoenix MLS should be back to 2017 levels by the end of June
Will we be back to 2016 levels by the end of the summer?
Probably.
Since homes-for-sale increased this spring when it usually falls, it's reasonable to expect more increases this summer when it's usually flat.
Axios Phoenix
These Phoenix "exurbs" are experiencing a population boom
"Maricopa, Casa Grande, Eloy and Coolidge... contributed one-third of the metro area's population growth last year, compared to 4% from 2018 to 2019”
“Queen Creek, in the far southeast corner of the Valley, saw an 8.3% population increase last year"
Governor Hobbs Signs “Casitas” Bill
More details below from before the bills were signed.
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.