Phoenix Home Sales for 2009

As a follow up to my Dec. 2009 post, Arizona Regional Multiple Listing Service data confirms that we did in fact have a total of 93,308 sales for the year, a whopping 55% increase from last years (2008) sales of 60,108.  That being said, the median home prices for the area are down from last year and with the continued foreclosures on the market, it appears we may take more pricing cuts, however average days on the market have been reduced slightly.

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