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April 23, 2022 Market Update

Saturday, April 23, 2022   /   by Bryan Baylon

April 23, 2022 Market Update

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.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085
602-410-0827

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Bryan Baylon - Keller Williams Northeast Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 15, 2024
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