The Tempe market seems to be nearing a low, as the number of contracts executed fell to 112, the lowest levels since January. Meanwhile, sales came in at 186 homes sold over the last 30 days. When comparing other close-by municipalities within the same period, the most came from Phoenix with 1,441 contracts executed. Potential buyers should note that prices are coming down in Tempe, and for this period the median sales price slid from $255,000 to $250,750. The rising sales and a low three months of inventory point to Tempe being a seller's market.
Early bird gets the worm, so be sure to take a look at these new listings in Tempe:
Get started right now by checking out Tempe homes for sale or reviewing Tempe real estate trends.