Snapshot Real Estate Market Report for Phoenix, Arizona

PHOENIX continues to be one of the most popular cities in the United States!

January 2009

• 1,290 single family homes were purchased in Phoenix - compared to 461 in January 2008.

• The average price paid was $131,690 - compared to $294,347 in January 2008.

• The median price came in at $90,675 - compared to $193,870 in January 2008.

• The ratio of purchase price to list price was 96% - compared to 95% in January 2008.

• 996 of the homes (77%) were bank owned.

• The average time on the market was 78 days - compared with 103 days in January 2008.

• There were 13,847 Active single family listings - compared to 12,508 in January 2008.

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Homes in Phoenix, Arizona

Photo by Miguel Folch