These are the trends to watch for in our market.
What’s the latest news from our Phoenix real estate market as we make our way through July? Things are still a bit crazy, and today we’ll share some key facts and figures to give you a little perspective. For example, right now we have about 25% as much inventory as we usually have. Demand, meanwhile, is surging above normal levels.
Feel free to watch the video above in its entirety to get the full market update or use these timestamps to skip ahead to various sections at your leisure:
0:27—The large gap between supply and demand and why builders are far behind
1:45—True demand and population growth
3:37—Why not all ‘for sale’ homes are available to homeowners
4:33—What is our market’s future trajectory?
5:43—Wrapping things up
As always, if you have questions about our market or are thinking of buying or selling a home soon, don’t hesitate to reach out to us. We’re happy to help.