The Market Typically Tails Off Until The Following March...

Slowing in home resales spreads across the Valley, from the Arizona Republic, reports that across the Valley, there were 5,685 recorded resales in August, only slightly more than July's figure but well below the 10,700 resales in August 2005. Jay Butler, director of the Arizona Real Estate Center at ASU, said August signals the last of the robust sales months, because the market typically tails off until the following March. In Glendale, resales fell to 445 in August, down from 855 in August 2005. Peoria had 280 sales, down from 450 a year ago. Surprise had 225 in August, down from 450 a year ago. In Phoenix, sales fell from 3,050 to 1,760, and Scottsdale saw 390 sales, compared with 780 in August 2005.



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