Arizona housing inventory continues to fall to near record levels. The number of homes for sale in the Phoenix metro area is now less that 13,500 homes, and it continues to drop at a staggering rate. Just a few short years ago the Arizona housing inventory peaked at 48,340 homes. Now it is nearly 1/4th of that number. These low inventory numbers have not been seen since 2005, during the housing bubble.
The Reeves Team takes a market snapshot every Tuesday. Take a look below to see just how quickly the inventory has fallen in 2012.
These are staggering declines in inventory, almost a little scary how few homes are on the market. The time is absolutely ripe for selling right now. Thanks for the stats Reeves Team.
We decided to update this blog with a new 2013 numbers! This blog will be up soon….And Ken it is amazing watching these numbers! Thanks for the comment