Highlights of Phoenix Metro Real Estate Market in 2009

• Listing volume down 15% from 162,000 (2008) to 147,000 – Those Sellers in the market are much more realistic and ready to sell
• Sales volume jumped 55% over 2008 – up 60,000 units to over 93,000
• Median  Sales Prices for 2009 are down 11.5% (8% for Average Sales Price) -  Positive news because 2008 saw a severe drop of 37%!
• Total Sales Volume increase of 35% – Up from 11.6 billion in 2008 to 15.7 billion in 2009 – This was the first rise in FOUR YEARS!

Information from ARMLS (Arizona Regional Multiple Listing Service)