EXCLUSIVE – Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate.
All 14 cities we follow showed median home price decreases between August 2006 to August 2007. However, condos/townhouses in two cities, Phoenix and Tempe, showed median price increases.
The median home price for all of Great Phoenix declined from $262,500 in August 2006 to $255,000 in August 2007, a 3% decline. The median price in July 2007 was $265,000, so August 2007 shows a 4% decline from July.