More homes are being listed in Phoenix than anywhere else in the U.S.

By 12 News

PHOENIX — All over the Valley, a growing number of “for sale” signs signal a change in the housing market.

According to data from the Cromford Report, there is a 156% increase in the number of homes on the market compared to last year.

According to RE/MAX, Phoenix saw the largest increase in the number of homes for sale this year.

“That is something we have not seen in a very long time,” said Tina Tamboer, a senior housing analyst with the Cromford Report.

The increase in available homes is the most the Valley has seen since before the Great Recession.

“We are in a market that seems to be balancing out,” Jeremy Fierstein, a real estate agent with West USA Realty, said.

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July 26, 2022

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