Inventory levels decreased in all West Valley cities including Maricopa county. Avondale continues to have the lowest amount of homes for sale with only 1.65 months of inventory, causing their prices to continue to increase with 11.86% increase over last year. Peoria had a rebound from April with 10.35% increase for May. Other cities saw significant increases in prices for May 2016 include Phoenix, Goodyear and Buckeye. While Glendale saw a drop in sale prices.
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Tags: Buyers, Market Condition, Market Reports, Sellers
