Welcome to the LUXE BLOG, where we post ALL KINDS of real estate content for our readers to consume. From the heart of Greater Phoenix, we tell it like it is. When things were frantic, we said it. When the market seemed to stop in late 2022, we posted it right here. And today? We ask the question that’s on everyone’s mind: Is the housing market in a bubble?
*As of October 17th, 2023
We can clearly see demand still surpasses inventory. Currently the Demand Index is approx. 18.2% STRONGER than the Supply Index.
While the national perspective suggests we might be in a housing bubble, markets like Greater Phoenix have unique dynamics. The bottom line is we have less inventory than demand. So yes, people aren’t buying as much, but there are more people not selling. As a Scottsdale real estate brokerage, we’re do NOT make predictions. However, we DO fill our website up with killer content. As always, through LUXE BLOG, we will keep you informed about the latest in the Greater Phoenix real estate scene. More blogs coming soon!