Phoenix Real Estate Turn-Around Continues

Phoenix Real Estate Turn-Around ContinuesThe housing market in Phoenix continued its run as one of the hottest real estate markets in the U.S. last month.

Sales of previously owned homes and condominiums hit their highest level for a November in seven years. The median home price for the Phoenix area hit $167,500 last month, a four-year high, according to real estate firm DataQuick.

The median price was up 4.7% from October and up 31.9% from November 2011 — marking the 12th consecutive month with a year-over-year gain.

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Authored By Alejandro Lazo – See the Full Story at The Los Angeles Times

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