Phoenix home prices up an average of 6% since 2016
Phoenix home prices are continuing to rise, clocking in at a 6 percent year-over-year increase, according to a new housing report.
The S&P CoreLogic Case-Shiller index report released Tuesday showed that, through October, the Valley’s home prices were continuing an upward trend.
The region finished in the middle of the pack in terms of price gains when compared to the 20 metro areas the report uses.
Seattle and Las Vegas saw the most home value appreciation, hitting 12.7 percent and 10.2 percent year-over-year growth, respectively. San Diego was third with an 8.1 percent growth.
Lowest growth on the list was Chicago at 4.1 percent and Washington at 3.1 percent.
By Patrick O’Grady Managing Editor, Phoenix Business Journal