November housing stats for Phoenix show improvement

November housing statistics in the Phoenix area were fairly unremarkable, given the fact that sales are normally down during the holiday season and there’s no compelling factor for dramatic market changes last month. There are some positive metrics, however. That’s the consensus of the newest Coldwell Banker Residential Brokerage .Coldwell Banker Residential Brokerage Latest from The Business Journals Lyon adds 22 former Better Homes agentsAddison agency speaks the language in 'bicultural' marketingSilicon Valley luxury home sales up 55% in 2011 Follow this company .Market Action Report, which is based on data obtained from the Arizona Regional Multiple Listing Service .Arizona Regional Multiple Listing Service Latest from The Business Journals Phoenix housing market starting to show lifeOctober home sales, prices dip in PhoenixPhoenix new home sales up 26 percent in August Follow this company .. There were 1,889 property sales in November. That’s down from 2,029 sales recorded in October, but up from November 2010, when there were 1,677 sales. Year-to-date sales of 23,696 are up 17.7 percent compared with the first 11 months of 2010 when there were 20,130. Both median and average sales prices were up from the previous month and from a year ago. The November median price was $88,000, as compared with $83,000 in October and $80,000 in November 2010. The average price was $130,623, as compared with $118,564 last month and $121,913 in November 2010. Total inventory of properties was down dramatically from a year ago -- by nearly 50 percent. There were 5,451 total properties for sale, as compared with 5,604 in October and 10,745 in November 2010.

Click here to view this article from its source.