Phoenix Real Estate Inventory Doubles - Investors Nowhere To Be Found

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Why did you all stop buying  . . . ? 

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Valley metro cities top list of markets with largest home inventory increases

https://www.abc15.com/news/sta...

"A primary reason for rising inventories is a sharp decline in investor home purchases."

"There are 16,067 active home listings in the Phoenix metro, nearly double from December of 2021. It’s a common theme in most real estate markets, and elevated listings are pushing up inventory. In the Valley of the Sun, once one of the hottest real estate markets in the country, the trends are no different."

"The second largest city in the Valley, Mesa, tops the list with home inventories rising almost 90%. Phoenix makes the top five with a 66% increase. Tucson also made the list ranking 30 out of 50."

"The Valley’s midsize cities are also seeing rising inventories. Gilbert ranked seventh with inventory doubling since the same time last year. Chandler and Peoria are not far behind. Glendale and Scottsdale also made the list."