With Valley housing inventory down, builders work to fill the gap

(Disclosure: Rose Law Group represents Meritage and Toll Brothers.)

By Angela Gonzales | Phoenix Business Journal

Homebuilders are scooping up hundreds of lots across metro Phoenix in an effort to keep up with homebuyer demand.

Today, there are 6,385 single-family homes listed for sale, representing 1.34 months of inventory, said Todd S. Hall, Realtor with HomeSmart, citing data on the Multiple Listing Service.

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