Phoenix, AZ Market Update for October 2007

Here are the latest real estate market statistics for Phoenix, AZ area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 48.3%*

Average	September 2007	October 2007	% Change
Asking Price	$288,763	$309,093	7.0%
Sales Price	$277,393	$295,417	6.5%
% of Asking Price	96%	96%	0.0%
$/SQFT	$164	$172	4.9%
Days on Market	101	111	9.9%
Total Transactions	733	752	2.6%

Search for homes in Phoenix, AZ and read a neighborhood overview of the Phoenix, AZ area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 11/12/2007: 14,368 properties on the market with 6,939 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.