From Ken Millar of Re/Max Alliance:
In regards to RE in AZ, I’d say that our “number of transactions” count in Maricopa is trending up; one report comparing March 08 to Feb. 08 showed a 27% improvement and a high compared to the previous 6 months. No one is taking the position that they have any pricing power yet and in fact, the median prices for homes is still slipping while not as much as before.
The units sold trend is encouraging that maybe we will start to see real improvement through the balance of ’08.
Encouraging!!
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