Phoenix Supply of Homes for Sale has Peaked for the Year
Peak 2024 Supply
Most likely the supply of Phoenix homes for sale this year peaked 2 weeks ago.
But it’s still similar to this time of year in 2015 and 2016, “normalish” years.
Home Affordability is Terrible
The Supply of Building Permits is NOT the Housing Supply Problem
Since new permits have been so high why hasn't supply jumped up and home prices fallen?
Despite what the YIMBYs constantly say, building permits and zoning are not what’s constraining new home supply.
Builders have plenty of permits but they're not building more because they don't want to drive down home prices and their profits. They’re just being rational.
Realtor Inside Baseball
"Phoenix association offers MLS access without Realtor membership"
Former ABC15 news anchor indicted for PPP fraud!
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.