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12/16/07
Median cost takes dive in home resales
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:02 pm

Median prices fell to their lowest level in 2½ years as the number of housing resales slowed to a crawl in November. The median price in the Phoenix area fell 7 percent to $240,000 in November, compared with $259,000 a year earlier. That’s the lowest median since $235,000 in May 2005, according to Arizona State University’s Realty Studies.  More…

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