Home median list price keeps rising

by Bob McGovern | inMaricopa

A new home rises in Sorrento. A shortage of resale homes is driving prices up. Photo by Bob McGovern

In a recent announcement to residents, city officials crowed that the median list price of a home in Maricopa had risen to $300,000.

The crowing is about to get louder.

As of Feb. 15, the 7-day average of median home list prices had increased another 10%, to $329,990, according to the Arizona Regional Multiple Listings Service.

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