Phoenix prices still trending upward

The Median Price per Square Foot in Phoenix is up 6% YoY in April, to $164.35/sqft from $153.98/sqft in April ‘18.

The positive trend can be seen:

  1. Overall - the chart is rising consistently from left to right.

  2. April vs April - the 3 darker blue bars show an increase of about $10/sqft per year.

  3. Trending - We can see each April caps a relatively flat 3-month cycle, before prices surge forward again in the summer months.

If the trend holds, we should see a jump in the May number…

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- Chris Butterworth

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