Monday, November 11, 2013

Phoenix Housing Market Results for October 2013: Advantage Buyers?

The Phoenix Housing Market has been anything but stable over the last 7 years. That's all been changing over the last few months. Are we headed back to a buyer's market? Let's have a look at the facts.

Inventory is up, demand is down, and foreclosure type properties have evaporated. Our Phoenix Housing Tracker started keeping statistics about 6 years ago. The combination of factors in today's market creates the closest thing to a stable market we've seen during that time.

Let's begin with inventory in the Phoenix Housing Market. 25,000 active listings was the standard for a balanced

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