Below I've attached a graph of the median price of sold homes in Ahwatukee from January 2006 through January 2008.

Here are some interesting facts about the graph and the current state of the market here in Ahwatukee:

•  As the polynomial line shows, there is clearly a downward trend in prices - especially since the peak in July of 2006
• There is an abrupt drop in October of 2007 that coincides with the demise of the sub prime market
• The downward trend represents a 9.96% drop since January of 2006
• In real numbers the median price of a home was $339,000 in January of 2006 and $305,250 in January of 2008
• For the month of January in Ahwatukee there were:
•  1099 homes for sale
• 74 sold
• 244 new homes on the market
• Average days on the market - 110
• It is currently a fantastic buyers market - the best in a very long time
• Our experience today is showing that homes that are priced correctly and show well are selling, a great percentage within the first 30 days.