Phoenix real estate in April: Sales up 1%, inventory up

By Bill McBride | Calculated Risk

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

Inventory was up year-over-year in April. This is the second consecutive months with a YoY increase in inventory, following fifteen consecutive months of YoY declines in Phoenix. This could be a significant change.

Continued:

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