Homes for sale nationally are down 52% over the same time last year and in Arizona, there was a 64% decrease in inventory over last year. Demand is up as potential buyers re-evaluate their priorities in homes and lifestyle during and after the pandemic. There are four offers for every listing and intense competition has led to double-digit price growth according to the National Association of Realtors. Absorption rate measures how fast we would sell out of the current homes on the market if no … [Read more...] about Assessing the Residential Real Estate Market