Nationally, home prices increases 5.9% year over year in August. No states posted an annual decline in home prices. The states with the highest increases year-over-year were Idaho (10.8%), Arizona (9.7%), and Maine (9.6%). Full Report
According to Zillow, the median home value in Arizona is $277,574. Arizona home values have gone up 7.5% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Arizona is $166. The median price of homes currently listed in Arizona is $299,900 … Read more
While COVID-19 continues to wreak havoc on the national economy, the Phoenix area continued to be a “hot-spot” (pun intended) for real estate and homeownership during the 4th quarter of 2019 before the global pandemic began to impact the Grand Canyon State. According to the National Association of REALTORS® 4th quarter local market report, the … Read more