Valley homebuyer competition intensifies

By Angela Gonzales | Phoenix Business Journal

Homebuyers in metro Phoenix are having a tougher time than ever finding homes on the market at a time when inventory is among the lowest in the nation.

With 0.9 months supply of inventory in October, Phoenix tied for third with Charlotte, North Carolina; Omaha, Nebraska; and Denver, according to a new study by RE/MAX. Boise, Idaho had the lowest inventory, with 0.5 months supply, followed by a two-way tie between Albuquerque, New Mexico, and Manchester, New Hampshire, with 0.7 months supply.

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