November 22, 2024 5:19 am
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Median home price in Phoenix climbs almost $10,000 in month

10000By Catherine Reagor | The Republic | azcentral

The median price for March was $204,500, up almost 4.9 percent compared with $195,000 in February, according to a new report from the W. P. Carey School of Business at Arizona State University.

Mike Orr, director of the Center for Real Estate Theory and Practice at W. P. Carey, said March’s higher home prices came as part of the traditionally busy spring sales season for metro Phoenix. Increases likely will continue through May, he said.

February’s median price had been the lowest median sales price reported for the region in seven months.

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