Arizona Market

Here’s my weekly update regarding inventory in the Arizona market.

On 6/16/2022 there were 3,619 single family detached homes under $500k for sale.

On 6/23/2022 there were 4,154 single family detached homes under $500k for sale.

On 6/30/2022 there were 4,652 single family detached homes under $500k for sale.

On 07/07/2022 there are 5,177 single family detached homes under $500k for sale.

On 07/14/2022 there were 5,577 single family detached homes under $500k for sale.

As of 7/21/2022 there were 6,032 single family detached homes under 500k for sale.

That’s an 8.16% increase since 07/14/2022 and a 66.67% increase in inventory since I started paying attention 5 weeks ago, on 6/16/2022. There is an average weekly increase of 482.6 new single family homes below $500k every week.

A side note as a know many people say families tend to buy houses and move before the new school year starts. Multiple cities in the Phoenix metro area started school this week with most of the remaining cities starting sometime within the next two weeks.

Thanks!

submitted by /u/Nearby-Deal3128
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Here’s my weekly update regarding inventory in the Arizona market. On 6/16/2022 there were 3,619 single family detached homes under $500k for sale. On 6/23/2022 there were 4,154 single family detached homes under $500k for sale. On 6/30/2022 there were 4,652 single family detached homes under $500k for sale. On 07/07/2022 there are 5,177 single family detached homes under $500k for sale. On 07/14/2022 there were 5,577 single family detached homes under $500k for sale. As of 7/21/2022 there were 6,032 single family detached homes under 500k for sale. That’s an 8.16% increase since 07/14/2022 and a 66.67% increase in inventory since I started paying attention 5 weeks ago, on 6/16/2022. There is an average weekly increase of 482.6 new single family homes below $500k every week. A side note as a know many people say families tend to buy houses and move before the new school year starts. Multiple cities in the Phoenix metro area started school this week with most of the remaining cities starting sometime within the next two weeks. Thanks! submitted by /u/Nearby-Deal3128 [link] [comments]

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