Valley sees nation’s biggest drop in housing inventory.

\

By Jeff Gifford | Phoenix Business Journal

As the Valley’s housing market continues to heat up, inventory is dropping, prices are rising and homes are selling faster than they were a year ago.

The Phoenix area experienced the nation’s sharpest drop in housing inventory during February compared with a year earlier, according to data released by Realtor.com that also reveals tightening housing markets and higher prices across the country.

The Valley’s February inventory was 42.7% below that of February 2019, and the median price was up 14.3% to $400,000, according to the report.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories