PHOENIX -- The median price for a resale home in metropolitan Phoenix fell in September for the first time in a decade, another sign that the region's housing market continues to slow.
Only half the number of homes sold last month as the same month a year earlier, according to a monthly report by the Arizona Real Estate Center at Arizona State University Polytechnic. Just 4,875 homes sold in the month, down from 9,815 a year earlier. That's the lowest monthly total since February, 2003.
"A lot of it is the buyers aren't out there," said Jay Butler, director of the Arizona Real Estate Center. "The days of the big (price) increases are gone, at least for a while, so the buyer is very cautious about what they're going to do."
Read more >>
No comments:
Post a Comment