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February 4, 2020

Here are some fun things to do around the Valley this Month! supply was counted at just over 12,000 listings for all of Greater Phoenix.  This is down 32% from this time last year and excruciatingly low.

Phoenix is currently the strongest large-city housing market in the USA and this is fueled by inter-state population movements.

Single-family supply is down dramatically from this time last year in most locations. Counting active listings without a contract here is what we find:

  • Gilbert - down 50% from 615 to 307

  • Glendale - down 46% from 574 to 310

  • Mesa - down 45% from 985 to 539

  • ...

For Buyers:

Supply shortages created an environment of multiple offers and listings sold over asking price last month.  This is especially evident among listings between $125K-$250K where 26% sold over asking price in November compared to the overall percentage of 19%...