In the last couple of months we’ve seen plenty of examples where prices have leveled off, or even decreased a bit, at the higher ends of the price range. “NOT SO FAST!” exclaims Paradise Valley, where the Median Sales Price rose to $1,840,000 in the 2nd Quarter this year, up 27% from the $1,442,500 median sales price in Q2 2018.
Oddly enough the median sales price had been down slightly over the prior 2 years, so the longer-term appreciation rate of 25% since Q2 2016, while still robust, is not quite as mercurial.
- Chris Butterworth
Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.
* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.