Nationally, home prices rose 10.9% from March 2012 to March 2013. Phoenix is one of the top 10 cities with rising home prices. In March, prices were up by 22.5% in Phoenix from one year earlier. In May, prices in Phoenix went up 4.5% in just one month. Things are predicted to continue as our housing inventory is very low in Phoenix.
Check out these two articles on the housing market nationally and in Phoenix.