The ARMLS PPI Sales Price Forecast For Greater Phoenix
Posted by Artur Ciesielski on Friday, August 20th, 2010 at 6:50pm.This is an interesting forecast. The PPI has the bottom of the post incentive phase as September 2010 at $120,000. These minor changes especially speculative like this are more noise then anything else they are still interesting to look at.
If we were to put any weight into them then the market, even being flat for some time, is good: better then declining as some of the media pundits have screamed.
Graph: ARMLS PPI Report - select to download in PDF
Conclusion From The Report
"Overall, the Median and Average sales prices have remained relatively flat over the previous 18 months with only small monthly fluctuations.
The Median is exactly where it was in February 2009 and the Average is fractionally higher than it was that same month.
The market appears to be in a fairly stable pattern although it is prone to slight dips indicating that the recovery is still tentative and subject to many outside economic factors."
Artur Ciesielski | 602.492.8004
Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix.
Related Links
Print
ShareBe the first to comment on this blog entry!
