There were 269 homes sold in the Peoria market over the last 30 days, but 190 contracts were executed. This marks the lowest amount since January, and could be a sign that the market is approaching a low. When comparing other close-by municipalities within the same period, the most came from Phoenix with 1,407 contracts executed. Prices are falling in Peoria, and this period the median price of all sales fell from $259,356 to $255,000. In spite of contracts trending lower, there are only three months of inventory available, which signals that Peoria is a still seller's market.
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