ASU’s dept of Realty Studies just released their report for the greater Phoenix April year to year housing resales study. While all Phoenix area cities as a whole had increased year to year sales (5,595 vs. 4,855 a year ago), Tempe fell to 100 in April ’08 from 120 in April ’07. Tempe median sale price also fell to $248,500 from last year’s $285,000 (along with all other cities).
Looking at year to year data is interesting, but I’m not sure if it’s entirely relevant. Tempe median price actually increased from $237,000 in March ’08, so you could say we are on an upward pricing trend in the short term.
Here’s a summary of the data for all area cities:
The ASU report further breaks down the numbers by various regions within cities, and condo sales.
Copyright © 2008 Rod Rebello
www.TempeAgentNews.com
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