Phoenix real estate in June: Sales up 20.5%, inventory down16% year-over-year

Phoenix real estate

Phoenix real estate By Bill McBride | Calculated RISK Finance and Economics

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. These key markets hopefully show us changes in trends for sales and inventory.

For the seventh consecutive month, inventory was down year-over-year in Phoenix. This is a significant change from last year.

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

 

Continued:

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