Phoenix Home Sales Increase for 11th Month
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7B-v0c4h-8IRInv9KEBoteQjv_X0iE60pb4iBbFTSoJOigVQG8cL5_72Mp2YSk_vMBu2p6UP91zYU5E-51LI1BP9jRrU7JhZMLXGxPzKrP9YnRF8HjH2ud16UAFlYC1QUeByn/s400/phoenix.jpg)
Phoenix-area November home sales fell from October but jumped 62 percent above the unusually low levels of a year earlier, largely because of strong demand from first-time buyers and investors. The median price paid edged above the prior month for the seventh consecutive month as foreclosure resales continued to play a large but fading role in the market.
The median price paid in November for all new and resale houses and condos combined was $142,700, up 3.4% from $138,000 in October but down 12.4% from $162,984 a year ago. It was the smallest year-over-year decline in the median sale price since January 2008, when the median fell 11.8% below the prior year to $225,000.
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