The number of listed properties are signifigantly down (15,000 less than Jan 2011) and continue to plunge, while monthly homes sold, although down from June 2011 highs, are continuing to rise year over year equating to a more balanced market. Medium home prices are also on the rise (up $8500 from Jan 2011) due to the diminished supply and higher demand than previously seen in the past 4 years. All this points to positive news for the future of the Phoenix home market.
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