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Peoria shifts to buyer’s market

Realtor: More due to lack of inventory than buyer demand

The Valley housing market has “glided” into a buyer’s market for the first time in 12 years, according to Tina Tamboer of the Cromford Report.

Tamboer, a housing analyst in Phoenix, said sellers who don’t have to sell are hanging tight right now and not putting their homes on the market. November marked the lowest number of new listings ever recorded for this time of year, Tamboer said.

Current supply isn’t growing much.

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