Local Market Update

The Phoenix Metropolitan area has hit a new high as of today of $152.01/SF for all property types in the metropolitan area. This is the first time since March 2008! In the Southeast Valley, Gilbert is leading the way with increased values, decreasing supply and days on market starting to decline again. Contrarily, Mesa has had an increasing supply with an average 73 Days on Market. The Phoenix area is remaining stable with an average 85 DOM.

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