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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Scoot 10.21.07 at 9:48 pm
[...]for now you should check out John Wakes post from October 20th. I like how John uses graphs for the visual among us. This post shows how the prices are going down in the valley. Which we all keep hearing. But what’s going on up here?[...]