News Article From: 07-08-2011
Valley housing market gaining ground - Frenzied home-sales activity in June proved earlier speculation about a third dip in metro-Phoenix home prices to be untrue. The median price of an existing home in the region climbed to $118,950 last month, after hovering at a low of $115,000 for six straight months. The rate of home sales also rose, with a nearly record 9,450 used and new homes sold in Maricopa County in June, the largest monthly number since the end of housing boom in December 2006. And that number doesn't include the more than 1,300 homes sold at foreclosure auctions by lenders. Read article: http://www.azcentral.com/business/realestate/articles/2011/07/08/20110708arizona-housing-market-gaining-ground.html |