There is real estate in Phoenix for sale everywhere. That is stating the obvious as we all see the number of signs everywhere we look. What I mean about Phoenix real estate is, it is “ON sale”. To give you an idea, the median price of homes in Phoenix proper dropped almost 20% in the last 12 months. And that is just the “median” price. There are even better deals than that to be found out there right now. The number of homes on the Phoenix real estate market has created such competition that you can find some real investment opportunities, whether it be for a primary residence or and investment property.

There are currently 75,676 real estate listings in the MLS system for the Phoenix/Maricopa County area. That number alone tells you that it is a buyer’s real estate market in Phoenix. The one caveat to that is the price range and city you are looking in. For instance, the $280,000 price range in Scottsdale has far fewer listings than higher price ranges and it could actually be considered close to a “seller’s market” in that city and in that price range. But overall, it is a buyer’s real estate market in Phoenix and the buyer’s that are looking are finding excellent deals out there.