The Median Sales Price in Phoenix was $284,900 in July, up 4.4% YoY from $272,550 in July 2018 and up 15% from $248,000 in July 2017.
Some might look at the deceleration (15% down to 4%) and think the Phoenix market is slowing down. Others might see 4% as a more reasonable, sustainable long-term appreciation rate. Only time will tell who is right…
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.