By Adrian Skabelund | Arizona Daily Sun
February, April and June all broke records when it comes to median house prices, with the prices of homes sold in June being about 19% higher this year than last June, Brighton said.
At the same time, the number of houses being sold is down in the first half of this year by 16%, Brighton said. That equates to just 473 single family homes during the first two quarters.
That means while fewer homes are being sold, the ones that are selling are being purchased for more money, Brighton said, adding that those numbers are also influenced by a lack of inventory in less expensive price ranges.
