Friday, March 8, 2013

ASU: Phoenix-area home prices surge 35%

Despite a minor, yet expected, decline following the bustling holiday season, metro Phoenix home prices continued on their steady incline during the first month of 2013, surging 35.3 percent year-over-year, according to Arizona State University’s latest housing report released today.In actual figures, that’s a median single-family home price of $163,000 in January — up from $120,500 a year ago, the report said. The average price per square foot — a key metric used by Realtors — climbed…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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