Metro Phoenix home prices climb in November

In August, as metro Phoenix home prices dipped to another new low, some real estate analysts predicted the area’s home values would keep falling. Other analysts disagreed, saying all the indicators, besides home prices, were heading in the right direction for values to climb before year’s end.
The median sales price for an existing Phoenix-area home climbed to $119,900 in November, according to a new report from the Information Market. It’s the region’s highest median home price since November 2010.
In October, Phoenix’s median home price was $115,000, which is where it had hovered most of the first half of this year. …

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