According to Forbes Phoenix is one of the local real estate markets that is on fire right now for real estate sales.
![Screen Shot 2012-09-21 at 11.44.53 AM Phoenix Real Estate Market](http://martawalsh.com/wp-content/uploads/2012/09/Screen-Shot-2012-09-21-at-11.44.53-AM.png)
Source: Forbes.
The Forbes numbers show a 44% drop in inventory year over year and a 33% rise in prices in the same period. Of course that’s looking at the whole metro area and on homes that have a median value of $185,550.
The luxury markets of Scottsdale and Paradise Valley have had a bump but not as high as a 33% gain.