The top analyst of housing market trends in the Phoenix Metro Market last week sounded the alarms for homebuyers in 2021 that can be boiled down to one word: desperate.
The Cromford Report said that while January is normally the best month for new listings to come on line, the shriveling inventory of both resale and new homes is reaching historic lows. That includes Ahwatukee.
“Since the turn of the year we have been closely watching to see if the arrival rate of new listings would improve and make the supply situation somewhat easier,” Cromford said last week.
Instead, new listings have “arrived at a feeble rate, lower than the January of the last three years and well below what we had been expecting based on December’s patterns,” it said.