Thursday, September 28, 2023 4:21 am

Residential sale prices for homes in Maricopa County hit all-time high

It’s been a roller coaster for homeowners in Maricopa County since the real estate recession hit.

KTAR

The median single-family sale prices for homes in Maricopa County were at an all-time high in May, surpassing the pre-real estate recession high set back in June 2006.

According to a release from the Grand Canyon Title Agency, the median value for homes in Maricopa County in May was $294,900, nearly $7,000 more than the $287,500 median value in 2006.

The demand for jobs in the county — which saw the highest population growth out of all the counties in the United States over the past two years — played a major role in the rising home values, with more than two million now employed each month in the greater Phoenix area.

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