Phoenix metro leads the nation as top homebuyer’s market

By Angela Gonzales | Phoenix Business Journal

As the housing market continues to cool, metro Phoenix leads the nation as the country’s top market favoring homebuyers, a new study shows. Local experts had called Phoenix a buyer’s market in October.

Home sales platform Knock ranked metro Phoenix at the top of its buyer-seller study, showing the region had 18,210 homes on the market in October, up 89.1% during the same period a year earlier. That puts the housing supply at 2.9 months, meaning if there were no new homes put on the market today, it would take 2.9 months to deplete the inventory.

Read the full subscription story from the Phoenix Business Journal.

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