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✉news BusinessReal Estate first seen 6 d ago, last 1 d ago, peak #10

More Phoenix-area real estate agents chasing fewer sales

The Phoenix-area housing market now has more licensed real estate agents competing for a shrinking pool of transactions, as high mortgage rates and limited inventory keep sales down. Local reports note agents are working harder for fewer deals, prompting some to leave the industry while others adapt to the slower market.

Why now: A slowdown in home sales combined with a growing agent pool is squeezing incomes and raising concerns across the local real estate industry.

PhoenixArizonaThe Mesa Tribune

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