Metro Phoenix's median home price remained same - | KTBC Fox 7 | News, Weather, Sports

Metro Phoenix's median home price remained same


TEMPE, Ariz. (AP) - A new report by real estate researchers at Arizona State University says the median home price in metro Phoenix remained the same in September, but prices are expected to start rising in the fall.

The report by the university's W.P. Carey School of Business says the median home price stayed at $150,000 from August to September.

Even as the median price remained the same, it's still up more than 27% from the same period a year earlier.

The report also says the increasingly difficult of finding bargains in the market has resulted in less interest in the market from investors.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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