Phoenix Real Estate- Phoenix Market Statistics Sept 2008
October 6th, 2008 categories: Market Statistics, Phoenix Foreclosures, Real Estate News, phoenix real estate
Here is the latest in the Phoenix Real Estate Market. These numbers are for all housing types in Phoenix (homes, condos etc).
Currently there are 13,869 Phoenix homes for sale, up from Aug 2008.
The current absorption rate of Phoenix homes for sale is about 9.5 months-down slightly from Aug 2008.
For the month of August there were:
- New Listings: 3775
- Pending Sales: 1451
- Sold Homes: 1456
Listing Status Phoenix Real Estate Sept 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 5.8% from Aug 2008.
Phoenix Real Estate-Foreclosures Sept 2008
The number of Phoenix homes for sale continue to see an increasing number of foreclosures. Currently there are 2849 bank owned/REO homes for sale in Phoenix, an increase of 6% from Aug 2008.
For more information on the Phoenix Market Conditions visit ASU Realty Studies
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