phoenix real estate market: Arizona might want to brace itself for February
- 12/09/10 04:31 AM
Here in the Phoenix area the MLS releases an informative document every month called the PPI. It helps predict the average sale price in the coming months. When I read it this morning I was a little shocked. Keep in mind the further out it goes the less predictive. However, the decrease I saw should still at least partially fulfill itself.
Last month in November the report predicted December would show a median sales price of $117,000. Now in December it looks like it should end up at $115,000. That isn't too far off so the report is valuable. It … (2 comments)
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Here in the Phoenix area the MLS releases an informative document every month called the PPI. It helps predict the average sale price in the coming months. When I read it this morning I was a little shocked. Keep in mind the further out it goes the less predictive. However, the decrease I saw should still at least partially fulfill itself.
;)
;)
