Phoenix home prices declining slower over last 2 months
I just read an article that had some interesting statistics regarding price declines in the Phoenix Metro area. Overall home prices have shown a 22.8% decline from June 2007 to June 2008. Peoria shows the largest decline at 28.1% while Scottsdale/Paradise Valley had the smallest decline at 14%. The article goes on to say that for the past 2 months the declines are slowing, and if this continues we could see the Phoenix real estate prices stabilizing. I will keep you posted with the pricing trends!
To read the full story, click on the following link: http://www.bizjournals.com/phoenix/stories/2008/09/08/daily50.html?f=et73&ana=e_du

Comment by Jimmy Baller on 12 September 2008:
Thank you for the update,,,, so when do we catch this falling knife?
Comment by Michele Guss on 12 September 2008:
Jim-
I wish I knew. I will continue to monitor the Phoenix metro real estate market and post the latest statistics and trends.