Supply Increasing a LOT Faster than Last Year!
It's only 3 weeks but so far the supply of homes for sale in Phoenix is increasing a LOT faster than last year!
Supply jumped and we didn’t get rid of zoning last month.
Zoning is just a scapegoat the real estate industrial complex blames for high home prices.
Maricopa County breaks all-time record for eviction filings in 2024
Phoenix Building Permits Approved per New Resident
It looks like builders have plenty of permits. If they're not building more now, permits aren't the reason.
5,300-acre community under development in Peoria
“Development has begun on a new residential community that is expected to bring 6,500 homes to the West Valley.”
Pulte Plans 6,355-Acre Community Near TSMC
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.