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  • Arizona home prices are among nations fastest-rising

    Thursday, September 3, 2020   /   by Adam Donaldson-Moxley

    Arizona home prices are among nations fastest-rising

    Article originally posted on azbigmedia.com on September 2nd, 2020
    The change in house prices between the second quarters of 2019 and 2020 was 5.4 percent in the nation, with Idaho home prices rising the highest at 10.8 percent followed by Arizona home prices at 9.1 percent. Phoenix and Lake Havasu City-Kingman were among the top 20 metropolitan areas for one-year house price appreciation in the second quarter. Phoenix ranked 11th with a 7.2 percent increase and Lake Havasu City-Kingman ranked 13th with a 7.0 percent increase. Over-the-year home price changes in other Arizona metropolitan areas were 5.7 percent in Flagstaff, 5.6 percent in Prescott Valley-Prescott, 4.2 percent in Sierra Vista-Douglas, 6.2 percent in Tucson, and 4.9 percent in Yuma. The index for all 242 metropolitan areas includes both purchase and refinance mortgages.
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