market trends

Well the market continues to slow from our highs of the week of July 28 with 238 units under contract to 178 for the week of 9-22. Our inventory numbers for the week of 9-22 were 5844 equal to our lowest levels this year for the week of 8-11. Properties sold were 193 down from last week but still improved overall. New properties to the market were 340 down from the previous 5 weeks. Prices for homes for sale continued at a level 189,900 with homes under contract at 154, 925, median sold at 159,500, and median price for new homes to the market at 167,362 this last number being slightly up from the previous month. Remember I am tracking the markets of Avondale, Surprise, Goodyear, Litchfield Park, Buckeye, and Tonopah, other areas will vary. The average under contract home price for the week of 4-14-08 was 196,588 to this last week with average price at 154,925, thats 4% per month but the last 4 weeks have slowed.