This week in Phoenix real estate…it’s not exactly news that that there aren’t enough houses to go around. What might be surprising is how quickly the lower price ranges are changing.
Homes on the market, priced under $400K, are down 47.6% compared to last year. However, homes priced between $400K-$500K are up 109% overall, and a whopping 451% in Pinal County. That “entry level” price range is rapidly shifting upward.