According to the Cromford Report: Supply is Up 42% Since May, Price Reductions Up 131% and Affordability Dips Below Normal to 56% For Buyers: There is a little relief ahead for buyers in Greater Phoenix. Supply continues to rise in price points between $300K-$1.5M and buyer demand has settled into a normal seasonal cool down that is expected to last through the end of the year. What this means for buyers is the 2nd half of 2021 so far has more choice and less competition. There are two … [Read more...]