Saturday, June 17, 2006

Graph of Phoenix Housing Inventory

I plugged all the previous data into Excel and generated this graph:

Click to Enlarge
I wonder what happened in December and early January. The trend is amazingly linear, otherwise.

When do we start considering Phoenix a buyer's market? Now? When inventory hits 6oK? When the trend shows clear signs it has reversed? As I said in the comments to the previous housing inventory post, I think I want to start making lowball offers when I get back there!

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