In the Phoenix metro area there are 10 buyers for every seller.
Homes are listed and sold within a week for 10% more than the asking price.
It’s friggin nuts!
I’ve been looking at moving to another location in Arizona. Given up. Prices are insane and not connected to local wages. In a variety of towns in southern Arizona, I’d guess the average home is under contract within a week.
It would make it nice for SELLING my home, but I need somewhere to move TO!