
As you will notice on this graphic, home inventory in Arizona has taken a sharp jump upward. There is now more than 25% more inventory on the market than a year ago, giving buyers many more homes from which to choose. Unfortunately for homeowners, pricing has remained flat with the median sales price dropping 1.4% from one year ago. It looks like the summer will be a Buyer’s Market, with favorable pricing for anyone looking to find a new home in the Grand Canyon State.