Phoenix home sale prices continued to rise in October

phx-home-sakesBy Patrick O’Grady | Phoenix Business Journal

Phoenix home prices rose again in October and were setting a decent pace for the year, according to data released Tuesday by the S&P CoreLogic Case-Shiller home report.

Prices rose 0.4 percent in October over September’s prices, and were up 0.5 percent on a seasonally adjust average in September over August.

For the year, Phoenix has seen a 5.2 percent increase in home prices compared to the first 10 months of 2015, which puts it on the mid- to low-end of the report’s 20-city look at home prices. Seattle and Portland have seen the highest one-year changes through 10 months at 10.7 percent and 10.3 percent, respectively.

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