Register | Forgot Your Password? | Close

TEMPE, Ariz. -- A new report by real estate researchers at Arizona State University said the median home price in metro Phoenix during November increased by 35 percent when compared to the same period a year ago.

The report by the university's W.P. Carey School of Business said the median price for a single family home stood at $162,500 in November. The price was $120,000 in November 2011.

Researchers said the rising figures mean that investors are finding fewer bargains to snap up. They said cash offers are on a downward trend and that more ordinary buyers are able to successfully compete for homes.

According to the report, the supply of townhomes and condominiums in metro Phoenix also is rising by almost 43 percent.

Associated Press,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.