A home for sale in Tempe. Housing experts say a limited supply of homes for sale, due to a drop in foreclosures on the market, is helping drive up prices around Arizona.
A home for sale in Tempe last year.
A home for sale in Tempe in Oct. 2012.
Posted: Tuesday, December 4, 2012 8:37 am | Updated: 4:25 pm, Mon Mar 11, 2013.
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.
Posted in Money, The valley, Tempe, Queen creek, Mesa, Gilbert, Chandler, Apache junction, Ap, Real estate on Tuesday, December 4, 2012 8:37 am. Updated: 4:25 pm. | Tags:
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