Record number of sellers vs. buyers - What this means for home prices
In this week’s update, we dive into Redfin’s latest data showing the highest-ever gap between home sellers and buyers nationwide. With nearly 500,000 more listings than buyers, home prices may start dropping, especially in oversupplied markets like Phoenix.
We break down:
Why this is the strongest buyer’s market in a decade
What’s happening to home prices in Phoenix
The condo vs. single-family home market gap
The latest on mortgage rates (hovering just under 7%)
Why even the upper middle class can’t afford homes in certain cities
Inventory trends across the Valley
What the Cromford Market Index says about Phoenix supply vs. demand
Recent Posts
Record number of sellers vs. buyers - What this means for home prices
Buyers Backing Out in Record Numbers | Phoenix Real Estate Market Update
Inventory Increse and Builders Cutting Prices | Phoenix Real Estate Market Update
"Not promising for sellers" | Phoenix Real Estate Market Update
A New Low | Phoenix Real Estate Market Update
Home Prices Starting to Crack | Phoenix Real Estate Market Update
Phoenix Home Prices "Plummet" | Phoenix Real Estate Market Update
How High Will Inventory Go? | Phoenix Real Estate Market Update
Foreclosures Increase. Tariffs Hit. Is The Housing Market in Trouble?
Inventory Hits a New High | Phoenix Real Estate Market Update
GET MORE INFORMATION
Caitlin McKeague
Broker Associate | BRBR679010000