Although average and median home sale prices picked up slightly in May ($333,800 to $350,400 and $250,000 to $255,000 respectively), new listing prices took a slight drop (average went from $413,700 to $406,700). Although this is not nessesarily significant,
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Condos in the Tempe area have generally followed the overall housing trend for the last few years. As with all housing, condos significantly appreciated in value from 2003 - 2005, and leveled off over 2006. There appears to be particularly good demand
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