EXCLUSIVE – Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data.
Six of the 14 cities had median price decreases of 10% or more. Well, there were eight in October so maybe the decline is not accelerating. In September, it was four cities.
The median home price for all of Greater Phoenix declined only $2,000 to $240,000 for November, compared to $242,000 in October, $250,000 in September, $255,000 in August and $265,000 in July. The median home price in Greater Phoenix, therefore, has fallen $25,000 or 9% from July to November.
The median home price in Greater Phoenix in November 2006 was $259,000, a $19,000 fall.