There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up.
There are more homes up for grabs this year in Phoenix. The graph below uses the current data through April 2024 showing there are more homes for sale than there has been over the last few years (2020-2023):
Additionally, here is a look at the increase at homes for sale over the past 6 months:
But does this growing inventory make house hunting easier? Yes and no.
Even though the number of homes is on the rise, there are still way fewer homes for sale than there were in the last normal year in the housing market
What Does This Mean for You?
If you’ve been looking to buy but put your plans on hold because you just couldn’t find what you were searching for, you might see more options now than you did over the past few years – but don't expect a huge selection.
To check out your growing options, it's a good idea to work with a local real estate agent you trust. Real estate is all about location. And an agent can help you get the scoop on the homes available in the area you're interested in.
In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.
Bottom Line
Let's team up so you have someone who can keep you in the loop on everything that might impact your move, like how many homes are up for sale right now.
