Phoenix home sales up, prices down in June
Home sales in the Phoenix area increased in June from a year earlier while median sale prices have declined. DataQuick reported that a total of 10,537 new and resale houses and condos rose 8.3% from May and up 1.5% since last year. June’s re-sales of 9,741 proved to be the strongest activity in the area in six years since the record of resold homes were at 15,055 in June 2005. The Phoenix area’s median sale price fell 12% at $122,900 compared to the high of $139,900 last year. Prices rose 2.4% since last month marking the first month-to-month gain since February. Median sales price for new homes stayed out of decline and rose 7.4%, making up 7.6% of sales in June. However, its median price is the lowest amount for any June in 14 years. Overall, the average of sales have gone up 1.8% between May and June since 1994. Write to Matthew Torres.