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Great news? The Phoenix area’s March median was 14.3 preecnt below the highest median recorded over the past year –$139,900 last June – and it stood 54.9 preecnt lower than the all-time peak of $264,100 in June 2006.Another key price gauge analysts watch, the median price paid per square foot for existing single-family detached houses, fell to $64 in March, down from $66 the month before and down 14.7 preecnt from a year ago. It was the seventh consecutive month in which the median paid per square foot dipped year-over-year. March’s figure was the lowest since April 2009, when it was also $64, and it stood 62.6 preecnt below the $171 peak in May and June of 2006.And for Vegas we get, “Cash buyers in March paid a median $88,450 for a home in the Las Vegas area, down from $90,242 in February and $103,750 a year earlier.”
Gaby says
Great news? The Phoenix area’s March median was 14.3 preecnt below the highest median recorded over the past year –$139,900 last June – and it stood 54.9 preecnt lower than the all-time peak of $264,100 in June 2006.Another key price gauge analysts watch, the median price paid per square foot for existing single-family detached houses, fell to $64 in March, down from $66 the month before and down 14.7 preecnt from a year ago. It was the seventh consecutive month in which the median paid per square foot dipped year-over-year. March’s figure was the lowest since April 2009, when it was also $64, and it stood 62.6 preecnt below the $171 peak in May and June of 2006.And for Vegas we get, “Cash buyers in March paid a median $88,450 for a home in the Las Vegas area, down from $90,242 in February and $103,750 a year earlier.”