KTAR
The median single-family sale prices for homes in Maricopa County were at an all-time high in May, surpassing the pre-real estate recession high set back in June 2006.
According to a release from the Grand Canyon Title Agency, the median value for homes in Maricopa County in May was $294,900, nearly $7,000 more than the $287,500 median value in 2006.
The demand for jobs in the county — which saw the highest population growth out of all the counties in the United States over the past two years — played a major role in the rising home values, with more than two million now employed each month in the greater Phoenix area.
