Paul Maryniak | Glendale Star
The West Valley’s shortage of homes for sale is beyond critical.
Some communities are actually close to running out of houses to sell, according to the Cromford Report, which monitors the Phoenix Metro housing scene.
“A surge in demand coupled with an unusually weak supply of new listings is creating an almost surreal market,” it said last week. “In many segments, buyers outnumber sellers many times over.”
Cromford said it also is exhausting adjectives to describe the “colossal” imbalance between buyers and inventory.
