Phoenix Area Home Sales Up 70%

December 23, 2009

Phoenix area home sales are up 70% from November 2008 – November 2009 according to this Arizona Republic article.  However, median sales price dropped from $150,000 to $130,000.  Rise in sales (and drop in prices)  is attributed to distressed properties (bank foreclosures, short sales), and the first-time homebuyer tax credit.

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