Welcome to another Arizona Real Estate Market Update. In recent weeks, we have started to see the market pick back up. Last week we talked about “Listings Under Contract.” This week, we will showcase what the “Days Inventory” looks like. This stat showcases how many days inventory our Phoenix market has left if no new properties are listed.
As you can see, inventory is on its way down. Less inventory is great for sellers and means more competition if you are a buyer.
Please keep in mind that this is for the entire Phoenix-Metro area. If you have specific questions about what the market is doing in your particular city or zip code, please don’t hesitate to reach out.