ASU report: Stronger spring this year in Phoenix housing market

“Expect to see a stronger spring this year in the Phoenix housing market than we saw last year. January was the “lull before the storm,” according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of that report on Maricopa and Pinal counties for January:

• The median single-family-home sales price went up 5.6 percent from January 2014 to January 2015 – $197,000 to $208,000.

• Condos and townhomes continue to gain a larger share of the market.

• Preliminary February figures show demand about to boom, with the number of homes under contract dramatically rising.”

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