Correction in housing market continues after robust '05
Betty Beard
The Arizona Republic
Aug. 12, 2006 12:00 AM
By now it's obvious the traditional surge of home sales in the summer isn't happening this year. Actually, it's worse than that.
The latest numbers on housing resales from the Arizona Real Estate Center at Arizona State University show that sales of single-family homes throughout the Phoenix area in July were the weakest since July 1999.
In Tempe, the number of homes sold fell from 270 to 160 from July to July, and the median price rose from $270,000 to $286,000.
No comments:
Post a Comment