Will Home Prices Drop In Phoenix. People bought homes without putting their old and now vacant home on the market because it’s. The average sale price of a home in phoenix was $376k last month, up 31.9% since last year.
The average sale price of a home in phoenix was $376k last month, up 31.9% since last year. The current run up in prices, according to shiller, is disquieting and he cites phoenix as an example. Phoenix home prices will continue rising into 2020 according to a recent forecast from the real estate research team at zillow, home prices in phoenix, arizona are expected to continue climbing through the rest of this year and into 2020.
The crash was a shock to individual homeowners and to investors who lost billions in that recession.
During the last 12 months the real estate prices in maricopa, phoenix city decreased, looking at the past 12 months. The data includes home prices from january 1953 until june 2020. According to the real estate data company zillow, the median home price for phoenix, arizona rose by a whopping 18.7% from february 2020 to february 2021. Shiller points out that demand in the housing market gets all the headlines while supply tries to catch up.
