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Phoenix Home Affordability | My Valley Home Search: The Sharyn Younger Team Blog

Monday, June 29, 2020   /   by Sharyn Younger


25,000. Keep that number in your head. 25,000 is a nice round number that reflects an estimate of the typical amount of homes for sale in the Phoenix metropolitan area during a "normal" real estate market. 

10,000. The Phoenix metropolitan area has less than 10,000 properties for sale at the moment. Many of you have heard me talk over the last few years about a strong sustained sellers market and predict that eventually, as in most things, the pendulum would swing back in favor of buyers. Not today my friends. Not today! 

Buyers are frustrated by competing with high demand and low supply. One would draw the logical conclusion that while it's a phenomenal time to be a seller in this market, it's a nightmare for buyers. However, the very reason that demand is so high, makes it a great time to be a buyer. And I can summarize that reason in one word: Affordability!

The graph above illustrates this affordability well. A home that sold in the final quarter of 2018 for $300 ...

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  real estate, phoenix home affordability

Copper Summit Real Estate | The Sharyn Younger Team
Sharyn Younger
Waterstone Mortgage
Emilio Cosculluela

© 2020 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 Sharyn Younger - Copper Summit Real Estate - The Sharyn Younger Team 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. October 25, 2020
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