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Home > Phoenix area market stats

Phoenix area market stats

September 6, 2013 by vleeson Leave a Comment

According to the Multiple Listing Service today (September 4, 2013), new listing prices are up this month while sales prices are down.

In July the average active list prices were: $219,900 and in August list prices rose to $224,900 while sales prices in the same time frame averaged: $185,000 in July and then $180,240 in August.

Here is a graph showing these details:

 
 
 
 
If sellers want to remain competitive in this ever changing market, they need to price their homes accordingly. We have moved past the multiple offer scenario & are quickly approaching a buyer’s market again…even with the increased interest rates. Remember from last weeks post: sales are down 44% from this time last year.
 
 
Give us a call for details & help in getting your home sold quickly & for the most money possible! 480-240-9724 ext. 1 or email: info@azexp.com

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