November 17, 2021
Real Estate

Is the Valley real estate market starting to cool down?

Data showed that it’s not there yet, but supply and demand are starting to get closer.

PHOENIX — Housing prices hit unprecedented levels this spring as increasing demand coupled with low supply, creating a market frenzy.

Potential properties were getting dozens of offers. Homes were getting $25,000 or more over the list price. 

“Where 20 to 25 offers on a house was just normal happenstance. Since then, it has slowed a little bit,” Trevor Halpern, founder of the Halpern Residential Group said. “Typically we are seeing two, three, four offers on a place, which is still a lot and is still very competitive.”

Halpern said there has…

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