Demand is high, inventory is still low.

Run comps, look at how much inventory there is in the specific neighborhood you are looking at and make sure it is not saturated with inventory.

That is really the epicenter of growth in Metro Phoenix for the next decade.Since Metro Phoenix has a healthy inventory of homes in your buy box and interest rates are keeping many buyers on the sidelines, it's a good time to be a buyer in Metro Phoenix.Hope this helps,Melanie

How much inventory will still be on the market?

We're seeing inventory for another primary in the $200-250k range. 

Many areas of the country are experiencing an affordability crisis, and most have low inventory.

The inventory is sitting there from what I see from market data.

Following a pandemic-driven boom in 2021-2022, characterized by soaring prices, rapid sales, and a sharp drop in inventory, the market began to cool in 2023 due to rising mortgage rates and economic uncertainty.

Try buying a MF in E Clev, good luck there is no inventory for a reason :)  Again I am going by my 10 years of doing 100s and 100s of deals there, 1ks or reno/repairs, 1ks move in and outs working with all the govt agencies.

You will not get anywhere near that in SH, or CH, BTW good luck finding a MF, no inventory.