The Arizona Regional Multiple Listing Service (ARMLS) released the official stats for September 2007:
Home sales (units)
September 2007: 3,435
September 2001: 4,801
Average sales price
September 2007: $305,800
September 2001: $170,700
Median home sales price
September 2007: $234,900
September 2001: $128,000
The Phoenix real estate market continues to correct. Good for buyers and 'move-up' sellers. Expect the market to soften more as the traditionally-slow holiday season nears.
Thursday, October 18, 2007
The Correction Continues
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