>The Phoenix real estate market slowed down in September, but there were positive signs

The Phoenix real estate market slowed down in September, but there were positive signs The real estate market in Greater Phoenix slowed down in September. Both sales volume and prices dropped slightly, according to the latest...

Phoenix real estate market slowed in September, but there are positive signs The Greater Phoenix real estate market slowed in September. Sales volumes and prices were down slightly. According to the latest statistics. 6,252 homes were sold in September. This was a 3% decrease from August and a 2.7% decrease from September 2013. The average price of a home fell from $195,000 to $194,000 in September. However, the average price increased by 5% compared with September 2013. It is expected that the average price of a house will reach $191,000 in October. Nonetheless, there are some positive signals in the real estate market. Houses stayed on the market for 88 days in August and dropped to 84 days in September. The supply of homes on the market continued to decrease in September. It was reduced from 24,220 buildings in August to 23,555 buildings. The average list price of a home was $224,800 in September and $215,000 in August. Does the increase in home list prices indicate that it will boost sales prices in November? Industry insiders said that housing prices are currently quite stable, and the moderate decrease in October may be caused by the sales season. For more real estate information, please contact Tinna Xie (480)287-0180 Tinna@platinumaz.com