Demand for Phoenix housing weaker than a year ago

Strengths or weakness concept.By Catherine Reagor, The Republic | azcentral.com

As the temperatures climbed in May across metro Phoenix, prospective homebuyers stayed out of the market. Prices were flat, and sales fell dramatically from the year before.

The median sales price for a Valley house was $205,000 in May, the same price it has been since March, according to the latest report from the W.P. Carey School of Business at Arizona State University.

Continued: 

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.