Phoenix Home Prices are On the Rise!
According to the Zillow Research Market Report that was released for March 2018, Home inventory levels in the Phoenix area are currently at historic lows and are shrinking. There was a total of 18,062 homes available for sale in the region with the cheapest tier of home inventory levels down 24 percent. This lack of homes is driving up sale prices and the median home price in Phoenix is now $252,799 per the Phoenix Business Journal Residential Real Estate article on April 29,2018.
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