Valley Home Sales Drop, Prices Rise

(Phoenix, AZ)  --  Home sales were down in the Valley last month, but prices were up.  RE/MAX's Greater Phoenix Housing Report shows home sales in Maricopa and Pinal Counties were down more than nine percent from December 2017.  But the median sales price of about 262-thousand dollars was up seven percent year over year.  There was about a three-month supply of homes for sale in December, on par with a year earlier.  A six-month supply is considered a sign of a balanced market.

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