This document analyzes median home prices in the Phoenix, Arizona region from December 2006 to December 2008. It shows that during this period, the median prices for homes that were for sale, under contract, and sold all declined significantly, with a 37.4% drop in the median price for homes for sale. The number of newly listed homes also declined over this period as the housing market contracted.

1. RE/MAX Homes & Investments
Market Dynamics
Median Price (FS, UC, Sold)
2 Years (Monthly) 12/01/06 - 12/31/08
KEY INFORMATION
Dec-06 Dec-08 Median Price Change Percent Change
298,000 186,500 -111,500 -37.4
For Sale
259,900 136,900 -123,000 -47.3
Under Contract
253,500 144,000 -109,500 -43.2
Sold
MLS: ARMLS Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,... Sq Ft: All
All MLS: Arizona Regional MLS
BrokerMetrics® 1 of 2 01/08/09
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

2. RE/MAX Homes & Investments
Market Dynamics
Median Price (FS, UC, Sold)
2 Years (Monthly) 12/01/06 - 12/31/08
FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS
Time Period Median $ # Properties Median $ # Properties Median $ # Properties Median $ # Properties Median $ # Properties
Dec-08 186,500 69,472 136,900 5,773 144,000 5,649 199,000 8,099 149,900 11,761
Nov-08 194,000 69,081 144,900 4,085 150,000 4,427 209,000 7,292 165,000 12,456
Oct-08 199,000 69,446 149,900 4,926 164,268 5,415 215,000 7,902 168,300 14,678
Sep-08 200,000 68,195 165,659 5,250 170,000 6,132 220,000 8,185 174,500 14,295
Aug-08 210,900 67,217 174,900 5,332 185,000 5,612 229,900 7,946 177,429 13,588
Jul-08 219,900 69,836 185,000 7,490 190,350 5,892 232,200 8,934 182,000 13,528
Jun-08 228,000 70,420 199,900 6,296 200,000 5,700 245,000 9,401 190,000 13,558
May-08 235,000 72,447 209,768 5,854 208,989 5,599 249,900 8,928 203,000 13,062
Apr-08 239,900 72,214 216,136 5,636 214,000 4,813 249,000 8,887 219,000 13,827
Mar-08 245,000 72,177 219,900 4,714 214,000 4,258 259,000 8,446 220,000 13,521
Feb-08 249,900 70,827 224,900 4,020 217,000 3,413 256,000 8,099 229,900 13,069
Jan-08 250,000 70,983 229,000 3,621 225,000 2,867 259,000 9,209 237,500 16,059
Dec-07 258,000 68,805 238,400 2,846 232,700 3,339 265,000 10,761 234,950 8,976
Nov-07 260,000 72,103 244,950 3,233 238,000 3,315 269,900 8,988 240,000 11,670
Oct-07 265,000 74,241 244,985 3,480 236,172 3,422 275,000 10,265 249,900 14,262
Sep-07 269,900 72,751 249,900 3,185 240,000 3,377 279,900 9,489 250,000 12,921
Aug-07 274,900 72,968 250,000 3,735 249,900 4,308 285,000 9,567 255,900 14,844
Jul-07 279,000 71,109 255,000 4,239 255,000 4,685 290,000 8,795 259,900 13,890
Jun-07 283,950 71,001 259,900 4,765 257,999 5,402 299,000 9,103 265,000 14,335
May-07 289,000 70,324 260,000 5,452 256,474 5,772 299,900 8,349 274,550 14,822
Apr-07 289,900 68,629 262,990 5,527 253,000 5,475 299,500 7,654 274,900 15,269
Mar-07 290,000 66,570 260,000 5,882 255,000 5,906 298,000 7,344 279,900 16,606
Feb-07 294,900 61,945 259,900 5,302 250,000 4,884 299,000 6,511 280,000 13,709
Jan-07 294,900 60,565 259,900 5,395 251,000 4,352 300,000 6,760 279,900 15,947
Dec-06 298,000 57,505 259,900 4,391 253,500 5,325 300,000 8,669 275,000 8,650
2 of 2
BrokerMetrics® 01/08/09
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).