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Reported sales for July dropped 24.6% from the June sales. We are very close to a normal Phoenix market. »

Listings back to high end of normal range

18Jul11

This graph shows the number of listings has dropped to 30k. Follow the 30k line over to December of ’02 and you will see we are back to more reasonable levels. What does this mean… well with the number of listings down, and sales at an all time high, (red line matching the highs of ’05) prices will soon be going back up.

 

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