The Phoenix chart clearly shows long-term price appreciation, but when I looked at this trend in January I pointed out a concern about how much prices had fallen in the 2nd half of 2018 (more than the prior years), and that prices at the end of the year were barely higher than the beginning of the year. (Revisit that post here.)
Well, prices have rebounded nicely since then, and we’re just now getting into the spring price-appreciation season. Hopefully the 2nd half of last year was just a blip in the trend.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.