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Supply Up 42% Since May, Price Reductions Up 131%; Affordability Dips Below Normal to 56%

by South Scottsdale Homes | Aug 14, 2021

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...