Home sales slide, prices rise

North Phoenix News

Sales of existing homes in August declined in North Phoenix and nationally, while prices continued an upward trend, according to two new reports.

In NoPho, the region of North Phoenix along the I-17 corridor from Norterra to New River, 157 homes sold in August, according to the monthly analysis out this week from North Phoenix News and In&Out Magazine. The figure is down 7.1 percent from 169 sales closed in July and off 2.5 percent from 161 sales in August 2016.

Vacations and summer heat tend to put a damper on home sales in the Valley. The number of homes sold, which reflects closed deals that were typically in the works for a few weeks, fell in three of the five NoPho zones compared to July, and also compared to August 2016.

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