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COVID keeping fewer home buyers on sidelines in May

Posted by   /  May 26, 2020  /  No Comments

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By Catherine Reagor | The Republic

The novel coronavirus took its toll on metro Phoenix’s housing market in April, but the pandemic is keeping fewer home buyers on the sidelines in May.

Home sales dropped and prices dipped last month after hitting a record high a few months ago, according to Arizona Regional Multiple Listing data released this week.

But the number of Valley homes for sale didn’t soar in April. Some feared listings would shoot up if homeowners and investors lost jobs or renters and were forced to sell.

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