S&P/Case-Shiller Home Price Index for Phoenix

(See recent posts on Phoenix Case-Shiller Home Price Index.)

Case-Shiller probably has the best data on Phoenix home price appreciation. They added Phoenix late last year which is very useful for us.

You can see the average home price index in metro Phoenix drifting lower. Home prices in some areas will no doubt do far better than average and others far worse.

This graph makes it look like sellers should sell sooner rather than later and that buyers should play hardball on price to get ahead of the curve. Again, different parts of the Valley need to be treated differently but overall the trend since last summer has been lower.

The data shown is through March 2007. Each data point is a 3 month rolling average so the data point for March is actually the value for the 1st quarter (January-March) of 2007

May 31, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

Visit Authors Website →