Sellers’ market may be souring, but buyers won’t celebrate

By Paul Maryniak | East Valley Tribune

Has the time come for sellers to get nervous?

After months of riding the wave of low inventory, big demand and quick turnovers, sellers may be headed for a rude awakening, according the Cromford Report, which closely tracks the housing market in Maricopa and Pinal counties.

It noted that more homes are coming on the market and that its own index for measuring the markets in Phoenix and 16 other nearby communities is trending away from a sellers’ market.

But at the same time, many potential buyers may not find the new trend all that encouraging.

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