By Paul Maryniak | Peoria Times
As the West Valley stands at the beginning of the spring home-buying season, the inventory of available houses is continuing to dwindle, according to the website closely analyzing the metro Phoenix housing market.
“The current situation is even more remarkable than last month,” the Cromford Report said last week, reporting active listings in February totaled less than 12,000 homes – down 35.1 percent from February 2019 and down 1.4 percent from last month.
Cromford said its analysis of available housing on the market shows the inventory shortage is particularly severe in Avondale, Glendale and Peoria, though Goodyear and Buckeye are only a little better.
“The lack of supply was described as shocking at the start of 2020, so I am starting to run out of adjectives to adequately describe the current state of supply. It is almost (but not quite) unheard of to see supply drop between January 1 and February 1,” it added.
