The median house price in Phoenix continues to rise

The median house price in Phoenix continues to rise. An ASU research report shows that house prices in the Phoenix metropolitan area increased by 34% in October compared with last year. The report said that today...

Phoenix's median home price continues to rise. An ASU research report shows that home prices in the Phoenix metropolitan area increased by 34% in October compared with last year. The median home price in October of this year was $157,000, compared with $116,000 in October 2011, the report said. The report from the ASU College of Business says the supply of homes and apartments in metro Phoenix has grown 31% in the past three months. The 10 cities/towns with the fastest home price growth in the state are: Arizona City: 43%, El Mirage: 40%, Casa Grande: 39%, Youngtwon: 39%, Maricopa: 38%, San Tan Valley: 38%, Phoenix: 36%, Tolleson: 36%, Wittman: 35%, Coolidge: 33%. A few cities to watch include: Glendale: 38%, Mesa: 21%, Tempe: 20%, Chandler: 18%, and Scottsdale: 14%.