Tempe Real Estate Market Statistics June 2008
July 14th, 2008 categories: Market Statistics
Here are the numbers for single family homes in Tempe Real Estate for the month of June 2008.
Active Listings: 554
New Listings: 185
Pending Sales: 91
Sold Homes: 80
The average sales price showed an increase of 5% from May 2008. The average sales price for Tempe homes was $283,226 for the month of June.
There was an increase in listings and the sales and pending Tempe homes for sale declined leading to an increase in inventory and an increased absorbtion rate. The current inventory of homes for sale in Tempe increase to 6.9 months compared to last months inventory of 4.4 months.
[…] The average sales price of Phoenix homes continued in a negative direction, which was not unexpected with the number of Phoenix foreclosures. The average sales price fell 9.0% from June 2008. […]