Phoenix home prices hit new record. Here’s what you can expect next.

By Catherin Reagor | Arizona Republic

Phoenix-area home prices hit another record in July, though some relief for buyers could be coming.

The Valley’s median home price climbed to $405,000 last month, according to the Arizona Regional Multiple Listing Service. That’s up from about $400,000 in June and $315,000 in July 2020.

But the area’s median is expected to dip back down to $400,000 during August based on pending sales.

Metro Phoenix’s heady population growth propelled its housing market, even during the pandemic. Phoenix drew a higher percentage of new residents than any other major U.S. city between 2010 and 2020, according to the latest census data released last week.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031