By Catherine Reagor | The Republic | azcentral.com 11:34 a.m. MST
More people are willing to break a sweat in their pursuit to buy a metro Phoenix house these days.
The Valleys’ housing market didn’t cool off during the hottest month of the year like it usually does. July was the second best month so far this year for home sales in the region, according to the latest data from Arizona State University’s W.P. Carey School. June was the best month.
ASU Housing analyst Mike Orr called July “a pleasant surprise” because both sales and prices usually “wobble” or fall in July. Instead:
Comment by Real Estate Consultant Jim Belfiore:
“The housing market has been in recovery mode for six months now, with strong year-over-year growth. More new home sales have been consummated in the past four months than any single month in the past three years. Builders will soon shift their focus to spring and summer 2016 and how they will handle expected demand in light of a growing shortage.”
