Arizona home prices – September 2007 – 14 Phoenix area cities

EXCLUSIVE – Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data.

None of the 14 cities ASU follows showed a higher median home price in September than compared to the previous September. Four of the 14 cities showed median price decreases of more than 10%.

The median home price for all of Greater Phoenix declined to $250,000 for September compared to $255,000 in August and $265,000 in July. The median home price, therefore, has fallen 6% from July to September. Last year the drop in median home price leveled off after September so it will be interesting to see what happens in October this year. The median price in September 2006 was $256,900.

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October 20, 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.

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