More Open House Signs Are Popping Up

The Arizona Republic reports that for the first time in months, open house signs are popping up in the Valley as more properties go up for sale and stay on the market longer.

There were 15,597 homes on the MLS as of Friday, according to the ARMLS. Six or seven months ago, there were only about 7,000. According to Gregg Swann of Phoenix based Bloodhound Marketing Group, inventory is still only 50 to 60 percent of what it would be in a balanced market.

Most homes that are well maintained and appropriately priced from the start are selling within days. More...