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 March were up 3.3% year-over-year (including homes, condos and manufactured homes).
2) Active inventory is now down 12.9% year-over-year.
