Phoenix Real Estate-July 2008 Market Statistics
August 3rd, 2008 categories: Market Statistics, Phoenix Foreclosures, Real Estate News
July 2008 Phoenix Real Estate Market Statistics
Here is the latest and greatest in the Phoenix Real Estate Market. These numbers are for all housing types in Phoenix. Note-in prior months- I have based my charts and numbers on just single family homes. This month and in following months statistics will be based on all housing types (homes, condos etc) - since it is all about Phoenix Real Estate.
Currently there are 13,501 Phoenix homes for sale.
The current absorption rate of Phoenix homes for sale is about 10.3 months-no change from June 2008.
For the month of July there were:
- New Listings: 3580
- Pending Sales: 1746
- Sold Homes: 1305
Listing Status Phoenix Real Estate July 2008
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.
Phoenix Real Estate-Foreclosures July 2008
The number of Phoenix homes for sale continue to see an increasing number of foreclosures. Currently there are 2509 bank owned/REO homes for sale in Phoenix, an increase of 12% from April 2008.
For more information on the Phoenix Market Conditions visit ASU Realty Studies
[…] home buyers in the Phoenix area are looking for a “good deal” as prices continue to decline and foreclosures soar. Many buyers, think that buying a Phoenix Foreclosure may be the way to get […]
[…] Currently there are 13,452 Phoenix homes for sale, down slightly from July 2008. […]