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Yes, the Valley housing market is cooling. Here's what it means for homebuyers

Wednesday, August 11, 2021   /   by Juan Grimaldo

Yes, the Valley housing market is cooling. Here's what it means for homebuyers

While it's not even close to becoming a buyer's market in the Valley, there is light at the end of the tunnel for people trying to purchase a home.

"What we can tell you is that the market has cooled from its crazy insane cry-yourself-to-sleep market — but it doesn't mean it's cold," said Tina Tamboer, senior housing analyst for The Cromford Report.

The housing supply in homes priced between $400,000 and $800,000 has gone up 138% since February, she said.

"But it's still low. We were so low it's not hard to go up 138%," she said. "We have seen an increase in supply and seen price reductions every week."

To continue reading, click here.

By Angela Gonzales, Senior Reporter - Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

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