It’s typical here in Phoenix to see a bit of a slow down just before the dog days kick in. July and August tend to be less active than the 2nd quarter months. May saw the highest number of sales so far for 2018 pushing us back under 2 months inventory, Valley-wide.
The entry level market is still a beast. Anything under $200k is flying off the shelf as quickly as it’s put on the shelf. In fact, we are seeing low days on market all the way to even $500k as long as it’s appropriately priced. Historic districts are still seeing some heavy activity too since everyone is gaga over homes with character these days.
Info courtesy of ARMLS.