The median home price graphs below, which are an ArizonaRealEstateNotebook.com exclusive, show you a ton more information than the year over year numbers (August 2006 versus August 2005) that you usually hear about. For an example, see the chart below the graphs.
You can see what the trend is over months with the graphs so you can better predict what the future will bring. The year over year numbers are ancient history. Most people are more interested in what the trend is today as we enter the future.
The year over year declines in median home prices for El Mirage, Sun City West, Surprise and Goodyear should not have been a suprise to ArizonaRealEstateNotebook.com readers. The trends were staring you in the face for months.
I even mentioned the likelihood 2 months ago here, and more recently here.
OUTLOOK: More price weakness until January when sales pick up seasonally.