Nice for sellers, buyer activity is still strong so far in 2016. Consumers for Phoenix real estate who have waited the the required 4-7 years after a short sale or foreclosure to qualify for financing, are keeping demand stable in every price range thus far in 2016. The number metro Phoenix real estate listings that are priced over $200,000 has increased 5% compared to this time last year, and this added competition is keeping annual appreciation smaller for sellers in this price range up to about $1,000,000.