Phoenix real estate in December: Sales up slightly, inventory down 13% YoY

By Bill McBride | Calculated Risk

This is a key housing market to follow since Phoenix saw a large bubble/bust followed by strong investor buying.

The Arizona Regional Multiple Listing Service (ARMLS) reports (table below):

1) Overall sales in December were up 0.7% year-over-year (including homes, condos and manufactured homes).

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