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Housing Market Posts Price Gains

PHOENIX—The Greater Phoenix housing market is posting price gains, but the pace of appreciation has been slowing in recent months after being among the top-performing markets in the country in 2012.

By Kristian Seemeyer | Updated on March 14, 2014

PHOENIX—The Greater Phoenix housing market is posting price gains, but the pace of appreciation has been slowing in recent months after being among the top-performing markets in the country in 2012. One area where home prices have continued to gain momentum is in new home sales, where the median price topped $300,000 in December 2013.

Pete O’Neil, research manager for Colliers tells GlobeSt.com, “Home builders have done a better job keeping inventory in check allowing for higher prices and a better supply. Also, the economy is picking up and that is helping overall.”

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