During Thursday and Friday we saw the strongest rate of incoming new listings for a very long time. Over the last 4 weeks a total of 10,059 new listings were added to the ARMLS database, the first time we have seen a total over 10,000 since September. With listings going under contract more slowly, we could see inventory start to recover over the next few weeks.

Cities with more single-family homes available include:

• Phoenix (highest since January 22)
• Mesa (highest since January 30)
• Scottsdale (highest since December 15)
• Peoria (highest since January 17)
• Queen Creek (highest since January 9)
• Maricopa (highest since February 13)
• Buckeye (highest since December 5)
• Cave Creek (highest since November 7)
• Fountain Hills (highest since November 17)

Avondale continues to struggle with low inventory.

Since we are in the middle of the spring buying season, this is a positive sign for buyers. More choice and less competition from other buyers.


Market incites provided by the Cromford report.