Phoenix average home sale prices reach new high

By Angela Gonzales | Phoenix Business Journal

Home prices are now inching back up in metro Phoenix, despite mortgage interest rates hovering around 7%.

Nationwide, year-over-year home prices increased 5.5% in December, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released Feb. 27. Phoenix showed a 3.8% increase in December, the latest numbers of the report.

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