Here’s how strong the Phoenix housing market looks

AZBigMedia

A fifth straight month of shrinking inventory year-over-year triggered several November records in the 11-year history of the RE/MAX National Housing Report: fewest Days on Market at 49, fewest Months Supply of Inventory at 3.3, and the highest Median Sales Price at $257,000. But what does that mean for the Phoenix housing market and Phoenix home buyers and sellers? 

Phoenix residents are experiencing a rise in home sales prices.

Here is a quick snapshot of local housing data:

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