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For the second quarter, the median resale home price in Pinal County was $143,100, down from $156,160 in the first quarter and way down from $220,000 in the fourth quarter of 2005, according to the latest report from Arizona State University’s Morrison School of Management and Agribusiness at the Polytechnic campus.

The median price in Pinal County was 72 percent of the median price in Maricopa County.

“If they buy cautiously, the buyers have great opportunities there,” said Jay Butler, director of realty studies in the school. “If you’re looking for a home, and either work in Pinal County or travel is not an issue, it’s good prices for fairly good-size homes.”

The abundance of foreclosure houses on the market is driving prices down across Pinal County, he said.

“Even though your area may not have any foreclosures, the activity surrounding you will probably force the home prices down,” Butler said.

Of the 2,100 recorded home resales during the second quarter, 845, or 40 percent, were foreclosures, Butler said. That was down from the first quarter, when 785, or 47 percent, of home resales were foreclosures, it still represents a dominant segment of the market, he said.