PHOENIX — Phoenix is experiencing a plateau in housing inventory, according to an industry report.
The RE/MAX housing report for June shows that the Valley only has a two-month supply of inventory available.
That number has remained unchanged from 2018.
According to Realtor and RE/MAX Professionals owner Nate Martinez, that statistic is affecting affordability in the housing market and creating more competition for first-time buyers.
Read more about the housing market from Phoenix Business Journal.
