Arizona Home Talk

Pending Home Sales up 7.4% in Aug.

  WASHINGTON - Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market. The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest [...]

WHAT IS SELLING?!?

Moral of the Story:  Homes that are priced $400,000 or LESS are selling the best, with an average selling time of about 4 months on the market.  Homes within the $100,000-$200,000 range are selling quicker than other ranges, and more units are selling overall (39% of homes that have sold).  Homes $100,000-$399,999 make up almost [...]