Surprise pricing appreciation is no surprise

The Median Price per Square Foot, by quarter, has increased steadily over the last 4 years - pretty commensurate with the rest of the Valley.

Notice the seasonality - Q2 and Q3 have been pretty level with Q1. If we follow trends, the next few months shouldn't see much pricing movement. The bigger question is whether we'll see another jump upward in 6-9 months from now. (Q4-Q1)

- Chris Butterworth

 

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