Arizona real estate is still selling like hot cakes--here's our 2018 May/June real estate update for the Phoenix Metro area.  For the first time in several years, inventory levels dipped below 16,000 units (for all housing types).  Currently, the are 15,975 properties for sale across the county and while inventory is very low at some price points and in some areas, other price points are burdened by excess inventory.  Distressed inventory remains at just 2%--so, for investors this means fewer deals can be had at below market pricing. In Scottsdale for example, there are just 35 distressed