Jul 19, 2024 - News
Chart du jour: Home prices stay elevated
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The median home price in metro Phoenix was $465,000 in May, slightly lower than it was the month before, but still well above the national average of $439,700.
Why it matters: Even as high interest rates have locked up the market, home prices have stayed elevated and out of reach for many Arizonans.
Stunning stat: The Valley's median home price has increased by 75% since January 2019, when it was $266,000.