Central and North Central Phoenix Real Estate Market
July 24th, 2008 categories: Phoenix real estate
Below is a graph with the home sales in Central Phoenix, North Central Phoenix and the Biltmore area for the last 30 days.
If you look at the pending sales which hopefully will be future sales the number is increasing. So despite the meager sales in June the sales in July shoud be higher. Still overall the supply is quite large and this is well indicated by the very long time on the market. The average for the valley is 97 days while it varies from 90 days to 217 days in Central Phoenix.
None the less prices are holding quite steady but the wave of foreclosures that started in the outer cities is quickly moving in.
If you would like to see the resale data for greater phoenix please visit Phoenix Market Trends to see current graphs and historic numbers of the Phoenix real estate market.
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