Home prices in the Phoenix Housing Market took a slight step down in June 2013. After one year of steady increases the price per square foot dropped from $120 in May to $119 in June 2013. The price decrease can be attributed to normal sellers taking slightly less for their homes because foreclosure prices remained consistent.
8,159 homes were sold in the Phoenix Housing Market in June 2013, down approximately 1,300 from May. 79.2% were normal sales and 20.8% were foreclosure type sales (see more details: Phoenix Home Sales and Housing Tracker. Foreclosure type sales are at their lowest