EXCLUSIVE – Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate.
For all of Greater Phoenix the median home price year-over-year was down slightly going from $265,000 in May 2006 to $262,000 in May 2007.
11 of the 14 cities below had lower prices, 2 cities were flat, however the largest city by far, Phoenix, was up 2% which kept the median home price flat for Greater Phoenix overall. Phoenix was the only city with a year-over-year increase in median home price for May. Among these 14 cities, it looks like there is some real pain in Avondale and Goodyear.