Phoenix realtor, first-time buyer give inside look at sizzling housing market

By Taylor Kinnerup | KTAR

PHOENIX — As Arizona’s housing market continues to boom, it seems as though the average buyer is getting squeezed out.

“It is 200% a sellers market,” Bobby Lieb declared to KTAR News 92.3 FM with certainty.

Leib, who has been selling real estate in north central Phoenix for more than 30 years, said this market is unlike any he’s ever seen.

“I’m in shock,” Leib said of the prices he’s seeing people list and buy houses at these days. “In central Phoenix, about six months ago, the market was semi-crazy then, now it’s very, very crazy.”

This is something first-time buyer Cynthia knows all too well.

“It was a little slim pickings,” she said with a bit of a laugh. “My limit for buying was comfortably around $250,000, no more than $300,000 was my max.

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