The Phoenix market, generally speaking, is in balance--some areas are doing worse/better than others, but at this moment, neither buyer nor seller seems to have the upper hand. Available housing inventory has been relatively stable the past 30 days as there are currently 25,725 active listings--nearly identical to what we had last month. The active listings have been on the market for an average of 96 days--unchanged from last month. There are currently 7415 pending sales. Indeed, there has been an increase in contract activity, month-over-month. The chart below shows how the pending sales