Median sales prices:
Median sales price information:
Aug (so far, Aug 11) $118K
today, bank owned homes in Phoenix actively marketed are at 7300. Notice how fast this increase has taken place, from just 4500 at the end of April. Typically, when a bank can’t sell a home for a few months, it begins dropping its price, so price drops are a few months AFTER the bank owned home is listed.
We will start seeing even more price drops now.