New ASU Housing Report Shows Signs of Recovery

A new report came out this week by W.P. Carey School of Business at Arizona State University - the Phoenix market is showing signs of recovery.

According to the data, the median sales price of a single family home is up 6.5 percent in January compared with January 2011. That number is $120,500 as compared with $113,166 a year ago.

From an average price standpoint, the increase is 1.7 percent. That number is $163,813 as compared with $161,012 a year ago. The price per square foot has increased 2.9 percent. That number is $82.62 per square foot as compared with $80.27 a year ago.

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source: www.bizjournal.com