The 85283 zip code market seems to be approaching a bottom, as the number of contracts executed fell to 27, the lowest levels since January. Meanwhile, sales came in at 44 homes sold over the last 30 days. In comparison, 85225 led all other nearby zip codes with 78 contracts executed. As contracts found a new bottom, prices have been increasing. The median sales price hit $255,000, extending a four-week long spike. The rising prices, along with the fact that there are a lower-than-normal three months of inventory, drive home the fact that the 85283 zip code is a seller's market.
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