The Median Sales Price in Tempe has risen approximately 10% YoY in each of the last 2 July periods, from $280,600 in July 2017 to $313,000 in July 2018, and to $344,500 last month.
If the last couple years’ trend holds true again this year, we can expect prices to flatten out during the second half of the year, before bouncing upwards again next spring.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.