I just updated the zip code real estate market trend charts with the data for metro Phoenix home sales in March 2011.
I might add comments tomorrow.
Bottom Line
• In most zip codes in metro Phoenix, home sales in March were as strong or stronger than last March — and last year we had the crazy first-time homebuyer $7,000 tax credit. (That program was a phenomenal waste of taxpayer money.)
• Median home prices stabilized in most zip codes in March after having weakened the previous few months.