The Cromford Report reports that on March 16th, of this year, the Greater Phoenix Metro cities totaled 4,367 listings. Just over 4 months later, we now total 16,235 current listings and growing. The following housing styles and their listing supply increase:
- Single-family Detached – up 344%
- Townhouse – up 370%
- Apartment-style – up 288%
- Gemini / Twin – up 130%
- Loft-style – up 240%
- Patio Home – up 257%
- Mobile Home – up 65%
- Modular / Manufactured – up 20%
Many of our cities are now in the “Balanced Market Zone” and some, including Buckeye and Queen Creek are now in a “Buyer’s Market.” This incredible speed from Seller to Buyer’s market is historic.