How the real estate market looks in the Phoenix area

How the real estate market looks in the Phoenix area - KTAR - It's no secret that, after a blistering market for sellers in 2012 and 2013, things cooled off in 2014. Last year saw unusually low activity from people looking to buy a home and those looking to sell, leading to the most balanced market in years with a modest increase in home prices of 5.4%. Neither buyers nor sellers had the advantage in negotiations and homes priced well sold relatively quickly. What ARMLS data shows for the first couple of months of 2016 is the balance we have had for a year may be tilting again.

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The balance may be tilting again