The median sales price for a detached, single family home hit the $245,000 mark in July, according to information compiled by the Northern Arizona Association of Realtors Multiple Listing Service. Last year, the median home price for the month of July was $297,000.
The figure marks only the second time the monthly median home price has been below the $250,000 mark since the decline in the housing market started about four years ago, said Stephen Brighton with Century 21 Flagstaff Realty.
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