Buyers step back as concerns grow over higher pricing levels in metro Phoenix housing market.

Some comments from real estate agents —

• “Prices are too high and inventory is too low on good properties.”
• “Buyers aren’t motivated by the current selection of inventory and financing is still pretty tight.”

The result —

• Traffic misses expectations as prices are once again too high.
• Prices increase, but inventories and time to sell point to challenges.

Click here for the Credit Suisse’s monthly survey for metro Phoenix.