Glen Creno
The Arizona Republic
Oct. 10, 2006 07:20 PM
The Valley's resale housing market continued to slow in September as the market struggled to find a bottom.
The number of houses sold fell and, for the first time in a decade, the median price was down from the same time last year, according to the latest resale report by the Arizona Real Estate Center at Arizona State University Polytechnic.
Prices have bounced around from month to month as the market recovers from the buying frenzy fueled by investors and speculators. But it's the first time in 10 years that the price dropped when compared with the previous year. The latest median resale home price in the Valley is $256,900.
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