November 21, 2024 11:08 pm
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Valley homebuilders working hard to keep up with demand

By Ali Vetnar | KTAR

PHOENIX – Phoenix is one of the hottest real estate markets in the country, and buyer demand refuses to die down despite increasing home prices.

The Phoenix metro area is down to an eight-day supply of available housing when it usually has a six-month supply.
Due to the limited inventory of houses on the market, buyers are now looking to homebuilders in hopes of avoiding bidding wars and trying to compete with cash offers.

“The home building industry is busy, it’s robust, and it’s uncertain,” Jackson Moll, vice president of Municipal Affairs with the Arizona Home Builders Association of Central Arizona, told KTAR News 92.3 FM.

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