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Posts from May 2022

Cindy Nelson AZ REALTOR Blog

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Buyers | 13 Posts
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Market Update | 20 Posts
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May
20

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May 2022 Market Update

For Buyers:
It's the moment you've been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, but all that gain has been achieved over the last 6 weeks with an increase of 45%. This is an enormous change from April's report where supply was only up 16% over last year and still below the count reported on January 1st. As of this report, the supply count is 7,157, still 72% below normal for this time of year but rising quickly.

The annual change in inventory is impressive, but it's the short-term growth that is sending shock waves throughout the market. Inventory listed between $400K-$500K is up 35% in just 3 weeks. Counts i...

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Categories: Market Update
Tags: Buyers, Sellers, market update, affordability, supply
Cindy Nelson Cell: (480) 535-0060 Email Me
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