Home Sales Remain On Reduced Pace In August

The Phoenix Business Journal reports on the numbers released by the Arizona Real Estate Center at ASU.

It states that 14 percent of all recorded sales were priced from $125,000 to $199,999; 44 percent were priced from $200,000 to $299,999; and 36 percent were priced over $300,000.

The townhome/condo sales also dropped to 1,100 units sold. In August 2005, 1,975 townhome/condo units sold. The median price of a townhome/condo also fell from $179,000 in July to $170,000 in August. More...