Tuesday, May 7, 2013

Phoenix housing prices up 30% in past year - Phoenix Business Journal


Metro Phoenix kicked off the bustling home-buying season with another big price surge while the local supply problem worsened, according a report released Friday from Arizona State University.

Single-family homes across the Phoenix area saw prices climb by nearly 30 percent year-over-year in March to $175,000, the report said. That’s also a 3 percent increase from the previous month, although slightly less than the 4.3 percent price increase the Valley saw between January and February.

Read more: Phoenix housing prices up 30% in past year - Phoenix Business Journal

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