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Phoenix metro home prices down 2.2% year over year.

Phoenix metro home prices down 2.2% year over year.
by Kaushik Sirkar, Chandler REALTOR®
Chandler Arizona Real Estate

As posted in today's Arizona Republic, metropolitan Phoenix saw home prices decline 2.2% from Q1 06' to Q1 07' (268,300 to 262,500). All told, 62 metro areas across the country saw home price decreases during this time frame. But Phoenix's drop pales in comparison to places such as Elmira, NY (14.9%), Sarasota FL (12%) and New Orleans, LA (10.9 %).

Not everyplace was going down, however. Cumblerand, MD (+ 17.1%), Biloxi, MS (+15.7%) and Salem, OR (+15.6%) all saw substantial appreciation during the same timeframe...

Nationwide, the median price fell from 216,100 to 212,300.

Thanks for Reading :)

Kaushik Sirkar, Chandler Realtor®
http://www.homesphx.com

Posted by Kaushik Sirkar on 05/17/2007 11:13 PM

Comments (3)

arizona real estate, phoenix real estate, chandler real estate, national real estate

This post has been included in Arizona Information

3 Comments on Phoenix metro home prices down 2.2% year over year.

MAY

2007

I was just their last December...warm and sunny 70 to 75 degrees...still seemed pretty resonable to me.

Kaushi, not bad at all :) here are similar in my subdivision, and I do not believe that it is good, I would like sky rockets %s , take care :)

MAY

2007

Chuck - Its a gorgeous place. And compared to the coasts, Phoenix is still reasonable. But compared to say, Iowa or the Dakotas, it can be pricey :)

Ray - Yeah we must all keep an eye out when prices zoom....what goes up must come down?

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