Phoenix Sales Prices Set Record High

The Median Sales Price in Phoenix was $277,250 last month - the highest median sales price ever in Phoenix for the month of May! The Top 5 highest numbers in May were:

  1. $277,250 in May 2018
  2. $265,000 in May 2007
  3. $249,000 in May 2006
  4. $240,000 in May 2017
  5. $237,000 in May 2016

Not only was May's median price a large number, it was also 13.4% higher than May 2017. Does that mean the cycle is now Boom => Bust => Recovery => Boom Again..?

- Chris Butterworth

 

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.