Here are the Latest Numbers in the Phoenix Market…
Phoenix area home prices in July were down 8.8 percent from a year ago, according to new data from the latest 20-city Standard & Poor’s/Case Shiller Home Price Index.
Property values in the Phoenix area fell on average 8.8 percent in July 2011 compared with July 2010 in the latest 20-city Standard & Poor’s /Case Shiller Home Price Index. Prices were down 0.1 percent from June to July of this year.
Nationwide, average prices in the past 12 months fell 4.1 percent. Minneapolis was the only city to see a bigger annual decline than Phoenix, with prices falling 9.1 percent.
Nationwide, unadjusted prices increased 0.9 percent in July from June. Only two markets posted month-to-month declines. In Phoenix and Las Vegas, prices eased 0.2 percent.
Hey, it is what it is… And, you should have the truth.
