Phoenix Cities In The West Continue To Lead The Housing Price Increase

Phoenix Cities In The West Continue To Lead The Housing Price Increase

Spurred by increasing employment and increased retirement destination, Phoenix continues to experience a higher than average rise in home prices.  With low inventory and high competition in the median home price category, buyers are experiencing bidding wars and high competition in the market. 

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices says:

“Home prices continue to rise across the country, the S&P CoreLogic Case-Shiller National Index is up 6.3% in the 12 months. Year-over-year prices measured by the National index have increased continuously for the past 70 months, since May 2012. Over that time, the price increases averaged 6% per year. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007, 182 months, when prices averaged 6.1% annually.  With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.”

More than 27 years of history for these data series is available and can be accessed in full by going to www.homeprice.spdji.com.

Additional content on the housing market can also be found on S&P Dow Jones Indices’ housing blog: www.housingviews.com.

Before you begin your search for a new home – OR – think of selling your existing home

 

Contact your local  Real Estate Specialists 

 

Barb England, SRES, CPRES, 

602-321-7109

barb.england@gmail.com


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Phone: 602-321-7109
Dated: June 20th 2018
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