How far home prices have dropped in the Valley amid a cooling housing market

By Angela Gonzales | Phoenix Business Journal

Amid a cooling housing market, median sale prices in the Valley are dropping by 5% month over month, leaving homebuyers wondering if the market is headed for a crash.

As of July 11, the median sales price dropped to $457,500, down from $480,000 in May, according to The Cromford Report.

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