Home prices rising faster in Phoenix than rest of country, report says

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KTAR

Home prices in the Phoenix area have been rising faster than the rest of the country, according to a new sales report.

That’s good news for Valley sellers and bad news for buyers.

The median sale price of a Phoenix metro home was $254,000 for the second quarter of 2018, a 9 percent increase over same period last year, according to research released Thursday by ATTOM Data Solutions.

“The market is still pumping along very rapidly in the Phoenix market,” Daren Blomquist, ATTOM senior vice president, told KTAR News 92.3 FM.

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