In March, there were 200 more new homes sales across the Valley than the month before. That may not sound like much, but it’s significant in the current slowdown.
Last month, 9124 new homes sold across metropolitan Phoenix, a 28 percent4 increase from February, according to RL Brown’s latest Phoenix Housing Market Letter.
Even better for the market is that many of the new homes to sell recently were built last year or the year before either speculatively or for buyers who pulled out of deals. Depleting the inventory of built but unsold homes will help the area’s home building market …
Posted by CatherineReagor’s Blog