Phoenix Shifts to Buyers’ Market for Homes: More Listings, Longer Waits, and Negotiation Power for Buyers
Phoenix has officially entered a buyer’s market for homes, according to The Cromford Report, which tracks housing trends in the Valley. The change means that buyers now have more leverage when negotiating price and terms, with an increase in for-sale listings and a dip in overall demand pushing the market balance away from sellers. This…