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Phoenix-Area Home Prices Continue To Rise, But By How Much And How Fast?

house for sale in Phoenix
Sky Schaudt/KJZZ
House for sale in Phoenix in 2016.

Home prices in the Phoenix metro area continue to steadily climb.

According to the real estate website Zillow, the median price last month was a little more than $266,000.

It says prices have gone up 7.1 percent over the past year and expects them to rise 5.5 percent within the next year.

The Show spoke with Tina Tamboer, a senior residential housing analyst with the Cromford Report, and Tricia Amato, a real estate agent with HomeSmart, who specializes in the central Phoenix area.

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Mark Brodie is a co-host of The Show, KJZZ’s locally produced news magazine. Since starting at KJZZ in 2002, Brodie has been a host, reporter and producer, including several years covering the Arizona Legislature, based at the Capitol.