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Quarterly Home Sales and Median Sales Price in Greater Phoenix

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Visualization Notes:

The median sales price for all homes in Greater Phoenix has been dropping since the first quarter of 2007 and reached a new low of $136,460 in the third quarter of 2010. The number of total sales of single-family homes fell to a low of 17,835 in the first quarter of 2008 and had rebounded to 32,975 by the second quarter of 2010, before dropping slightly in the third quarter of 2010. The general increase in sales activity is in part a reflection of the affordability of the Phoenix housing market.