Phoenix home sales boom

The number of homes sold via the Phoenix MLS in June was higher than any month on record, higher than spring 2005, the peak of the real estate boom.

Back in the spring of 2005 with fewer home sales, the median home price in metro Phoenix was increasing $10,000 a month. In 2011 with greater home sales, the median home price has so far remained flat. But for how long?

Source: Arizona Regional Multiple Listing Service.

July 8, 2011 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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