Community Property Type Price Min Price Max Beds Baths

Market Correction Continues

Market Correction Continues

10/18/2007

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.

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