High demand continues upward pressure on home prices

Home prices

REALTORSBy Robert Roy Britt | North Phoenix News

Home prices across the country continued a long upward trend, especially in the western states, as low inventories of existing homes led to quick sales in July.

The number of existing homes sold in the West during July rose 5 percent compared to the previous month, and also 5 percent compared to last July, according to the monthly report from the National Association of Realtors, out today. The median price in the West was $373,000, up 7.6 percent from July 2016.


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