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.