Phoenix-Metro MLS Stats May 2008
Note that this information is outdated.
Phoenix-Metro stats have been updated for May 2008. Sales volume shows strong improvement as buyer's take advantage of Foreclosure deals. Currently the most affordable areas of the Valley are seeing the strongest sales activity. Prices continue to face downward pressure as foreclosure inventory continues to dominate the market. Canadian buyers are purchasing Arizona homes in mass. Investor activity also is present however this is restrictred to either cash buyer's or the use of large down payments. FHA loans contunue to gain in popularity amongst primary home buyer's.
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