Phoenix Real Estate- August 2008 Market Statistics

Phoenix Real Estate- Market Statistics August 2008

September 2nd, 2008 categories: Market Statistics, Phoenix Foreclosures, Real Estate News

Here is the latest in the Phoenix Real Estate Market. These numbers are for all housing types in Phoenix (homes, condos etc) - since it is all about Phoenix Real Estate.

Currently there are 13,452 Phoenix homes for sale, down slightly from July 2008.

The current absorption rate of Phoenix homes for sale is about 9.9 months-down slightly from July 2008.

For the month of August there were:

New Listings: 3598
Pending Sales: 1400
Sold Homes: 1354

Listing Status Phoenix Real Estate Aug 2008

Phoenix Real Estate-Listing Status Aug 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 4.5% from July 2008.

Phoenix Real Estate Average Sales Price August 2008

Phoenix Real Estate-Foreclosures August 2008

The number of Phoenix homes for sale continue to see an increasing number of foreclosures. Currently there are 2698 bank owned/REO homes for sale in Phoenix, an increase of 8% from July 2008.

Phoenix Real Estate Foreclosures Aug 2008

For more information on the Phoenix Market Conditions visit ASU Realty Studies

This entry was posted on Tuesday, September 2nd, 2008 at 8:48 pm and is filed under Market Statistics, Phoenix Foreclosures, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Kenneth Fach said at September 4th, 2008 at 6:23 am
Hey, i just praised you on Twitter. If you don’t have a Twitter account, you should get one. Many Realtors on Twitter. Your Phoenix real estate site is the best I have seen. You really have it interesting and practical.
Rob Saxe said at September 9th, 2008 at 11:31 am
great info and awesome use of graphs! Gdocs?
Rob Saxe
jamie Geiger said at September 9th, 2008 at 8:17 pm
Hi Rob, Google Docs- love them
Phoenix Real Estate- FHA Repair Guidelines said at October 2nd, 2008 at 7:17 pm
[…] is an important consideration, especially with the increasing number of Phoenix Foreclosures which are usually sold “As-is”. It is important that the buyer is aware of repairs […]
Phoenix Real Estate Market Statistics Sept 2008 said at October 6th, 2008 at 7:31 pm
[…] Currently there are 13,869 Phoenix homes for sale, up from Aug 2008. […]