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January market stats

HI,

Looking at year over year, there were gains as expected.  The actual number of residential sales dropped roughly 1% from January 2011 from 6523 to 6454.  But, total sales volume was up 3%.  The average price of sales was also up 4% from $157,025 in January 2011 to 163,684 in Jan.'12.  Median pricing increased from $110K past January to $120K this year.  Average days on market dropped from 91-86.  These stats are for all residential housing throughout the ARMLS region.

Single family detached homes saw a drop of less than 1% from 5464 to 5424 year over year.  Dollar volume sold increased by 2% with average pricing rising from$168,458 to 174,730, almost +4%. Agent days on market dropped from 88-79.  All good numbers.

Adam Tarr PC
Citywide Real Estate
Phoenix,AZ
480-236-7374
adam@WeAreAZRealEstate.com

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