Increasing supply...does this mean price slowing?

Today we  look at the ZIP codes with the highest growth in supply since Jan 1.  We still have consistent months of increases before these areas start to see price increases level off but as we all know.  When Supply increases....Price slowing comes next.

1. Phoenix 85009 - up 73%
2. Phoenix 85004 - up 45%
3. Scottsdale 85250 - up 32%
4. Phoenix 85035 - up 32%
5. Fountain Hills - up 30%
6. Phoenix 85007 - up 27%
7. Mesa 85212 - up 25%
8. Scottsdale 85266 - up 23%
9. Wittmann 85361 - up 22%
10. Phoenix 85045 - up 21%
11. Sun City West 85375 - up 21%
12. Phoenix 85048 - up 21%
13. Rio Verde 85263 - up 20%
14. Phoenix 85053 - up 20%
15. Gilbert 85297 - up 19%
16. Tempe 85284 - up 19%
17. Phoenix 85006 - up 19%
18. Phoenix 85003 - up 18%
19. Phoenix 85050 - up 18%
20. Phoenix 85018 - up 18%

Generally we are seeing the largest growth in supply in the more expensive parts of town. Geographically, Central Phoenix, Ahwatukee and the Northeast are getting plenty of new supply.

Interesting that 85035 is up while neighboring 85031 is down. The same applies to 85297 and 85296 and also 85284 and 5283.

The highest growth in Pinal County is for Maricopa 85139 (16%) and San Tan Valley 85140 (10%).