As you know, I usually get my monthly market statistics from ASU, but the Real Estate Studies director Jay Butler said they’re having some problems with their programs and the numbers will be a while. So this month I turned to Trulia, which offers detailed city-level market statistics. A couple of notes:
- Median sales price, recently sold, and foreclosures numbers are based on public records
- Average listing price, homes for sale and open homes numbers are based on Trulia listings Phoenix The median sales price of homes in Phoenix during the May-July period was $93,000 (based on 10,855 home sales). That’s 45.3% lower than the same period one year ago. But while the median price is much lower than last year, the number of sales is much higher – up 53.6% over 2008. There are currently 19,894 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
Scottsdale The median sales price of homes in Scottsdale during the May-July period was $310,000. That’s 26% lower than the same period one year ago, but still 3.3% higher than 5 years ago. And while the median price is lower than last year, the number of sales is higher – up about 6% over 2008.
Phoenix housing market analyst R.L. Brown said that, overall, “it is obvious from the data that we collect and analyze on the Phoenix metro housing market that the market indeed continues to improve in almost all sectors.” Specifically:
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