inventory

1,452.   One Thousand, Four Hundred and Fifty Two. That’s the total number of Active sale listings for Single Family Homes, under $250,000, on the Phoenix area Multiple Listing Service.   Those are the homes that I would consider “Starter homes” or “First Time Buyer Homes”. That is an alarmingly low number, making it very difficult for First Time Buyers, who are either voluntarily in the market, or involuntarily, since… Read More »The Challenge of Seller Concessions in a Low Inventory Market