Valley housing market rocked by low inventory

By Philip Haldiman | Yourvalley.net

Throughout Maricopa County the housing market is being rocked by very low supply that has not been seen in years.

Low inventory is sparking bidding wars in the residential home market right now, with active listings down 28.7% compared with this time last year and down 16.8% compared with June, according to Arizona Regional Multiple Listing Service.

And with the big dip in supply, demand has taken off.

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