Median Home Prices Continue Decline in Phoenix Valley
Submitted by admin on February 26, 2009 – 3:11 pmNo Comment
Phoenix median home prices continued to slide by more than 7% from October through November. All in all prices have fallen by nearly 35% over last year.
A year ago the median price for a single-family detached home was close to $250,000, but following the year long slide, the average November median price was only $162,000.
Stats
Resale Transactions – 3,370 a 31% increase from last years 2,580.
Foreclosures – 3,095 a 178% increase from a year earlier.
