Shipman AZ Homes

Valley’s home sales up in June

By Catherine Reagor / The Arizona Republic

Here are some more positive signs from metropolitan Phoenix’s housing market, which may not be recovering but doesn’t appear to be deteriorating any more.

Home sales climbed again in June to reach 9,614, according to the Information Market/Cromford Report survey. That’s an 11 percent increase from May’s home sales. June is the sixth straight month home sales have climbed in the Valley.

The median Valley resale-home price also climbed in June, the first monthly price increase since late 2007. Last month, the median ticked up to $125,000 from $122,000 in May.

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