Saturday, May 9, 2015

Steady year for Valley homes; surge projected in '15

When many potential homebuyers decided to sit on the sidelines last year, home sales stumbled in many metro Phoenix neighborhoods.

But prices didn't suffer.

Despite a 14 percent drop in sales, the Valley's overall median sales price still climbed more than 5 percent to reach $207,000 for the year. Some neighborhoods in the Phoenix area saw double-digit price increases, and no areas saw dramatic drops in values.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/04/23/phoenix-home-prices-surge-projected/26222023/

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