Central Arizona Resale Homes Set 2Q Volume Record

The Phoenix Business Journal reports that the Valley's resale housing market set a new record for quarterly sales with 30,705 recorded sales, breaking the previous quarterly sales record of 28,760 set in the second quarter of 2004. For the second quarter 2005, 29% of all recorded sales were for homes priced from $125,000 to $199,999, and 32% of all sales were priced over $300,000.

Note: The article gives a breakdown by city of total recorded sales and the median sales price for each area, and compares it to the price a year earlier. More...