The chart below shows sales per month in the Phoenix Area, by month, from 2005 through  August of 2009. 
The data is for single family homes.

What I find interesting about this chart are the numbers for this year.  They are well above anything we
have seen over the past 5 years - including 2005 which gave us one of the biggest run ups in Real Estate
in recent history - both in volume and in price.    

2007 was dismal, with some small improvement in 2008, and huge gains in 2009.   




Now let's take a look at the same date ranges, still single family homes in Phoenix, but put in Median
Price instead of number of sales.

You can see 2009 prices are way below even the dramtic losses seen in 2008.

So, while we see the market rebounding in terms of the number of properties being sold, the median
price of homes in the Phoenix area is still over $100,000 lower than it was a couple of years ago.





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The data provided here was supplied by The Cromford Report - www.cromfordreport.com