The median price for resale homes in the Phoenix area has been edging up for several months. Does this signal that the market is approaching normalcy? Jay Butler, associate professor of real estate and author of the Realty Studies report from the W. P. Carey School of Business, talks about the factors affecting median price, including the still high number of foreclosure-related sales. It’s tempting to declare a market up-tilt based only on median price, he says, but because of that foreclosure activity, Phoenix is still far from a normal market. (13:09)
Median Price Not Full Story For Phoenix Market
Related Posts
-
Valley neighborhood ranks among nation’s 100 most expensive housing markets - Read Article Valley neighborhood ranks among nation’s 100 most expensive housing markets
2026-10-22T16:45:52-07:00
-
Terry Black’s BBQ buys iconic Old Town property for $11.2 million - Read Article Terry Black’s BBQ buys iconic Old Town property for $11.2 million
2026-10-22T16:35:57-07:00
-
2 developments bring $70 million transformation to Roosevelt Row - Read Article 2 developments bring $70 million transformation to Roosevelt Row
2026-10-22T16:20:52-07:00