Phoenix home price forecast
H ome prices in the Phoenix area could hold steady and even tick up slightly during September, according to the latest research from the Arizona Regional Multiple Listing Service.
The group’s pending-price index shows the region’s median home-sales price this month will be $120,000, compared with $119,000 in August. Then, prices could tick up to $126,000 in October, only to fall back to $120,000 in November and then drop to $110,000 in December.
But ARMLS pending-sales price predictions for November and December are the most likely to change because of new sales expected to close during those months that haven’t been …
