Phoenix evolves into two-tiered housing market

By Angela Gonzales | Phoenix Business Journal

The spring selling season remains sluggish but there are certain areas of metro Phoenix that are still considered seller’s markets.

The Cromford Market Index identified 13 interior cities — topped by Chandler, Fountain Hills and Tempe — that tip in favor of sellers, while 13 cities on the outskirts — topped by Goodyear, Surprise and Queen Creek — are still in buyer’s markets. There are only four cities — Cave Creek, Peoria, Laveen and Tolleson — that are in balanced markets, which means supply and demand are roughly equal.

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