Average no. of days on market
: 48 Median home price
: $185,000 (73rd highest) Population
: 4,192,887 (20th highest)
The entire metropolitan area of Phoenix-Mesa, which has a population of more than 4 million, had 13,912 homes listed on the market in June — the 20th highest of all the metropolitan areas surveyed. This is a drop of almost 40% since last year at the same time. Speedy home selling may be boosting the housing market in the Phoenix area. The median home price has shot up about 32% since last year, more than double the increase of the next highest market, San Francisco. Nevertheless, the Phoenix-Mesa housing market still has its problems. About 2% of the homes in the area are in foreclosure, the highest rate on this list and the fourth highest of all the metro areas surveyed.
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: Fastest-Growing Cities in America America's Sickest Housing Markets Best Cities for Millennials The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.