Valley housing market dashing toward balance

By Paul Maryniak | West Valley View

The Valley’s leading analyst of the Phoenix Metro housing market last week predicted that the entire region could see a balanced market — with supply meeting demand — by September.

Buckeye is almost there, according to the Cromford Report, and likely will be the first to achieve this month what the Valley hasn’t seen in more than three years anywhere.

“Buckeye will be a balanced market during the first two weeks of July with that balance looking like it will swing more towards buyers with every day that passes,” the Cromford Report said.

“Queen Creek and Maricopa are about one week behind Buckeye. We then have Cave Creek, Chandler, Gilbert, Peoria, Phoenix, Surprise and Tempe all in a similar condition. Their markets are cooling rapidly and look likely to move into the balance zone within a matter of weeks rather than months. Unless the current trends change, we could be in a buyer’s market across much of Central Arizona by the beginning of September.”

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