Phoenix's median home price continues to rise
Photographer: ABC15
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 12/04/2012
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By: Associated Press
TEMPE, AZ - A new report by real state researchers at Arizona State University says the median home price in metro Phoenix during October increased by 34 percent when compared to the same period a year before.
The report by the university's W.P. Carey School of Business says the median home price stood at $157,000 in October.
The median home price for October 2011 was $116,000.
The researchers also said the supply of homes and condos in metro Phoenix increased 31 percent over the past three months.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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