Home Prices Spike, Inventories Stay Tight

The average price of existing home sales jumped significantly in August across all five NoPho zones—the Norterra area, Tramonto & Sonoran Foothills area, New River & Desert Hills, Anthem Parkside and Anthem Country Club. Meanwhile, sales shot up 17 percent compared to last August, leaving inventories tight, especially Norterra and Anthem Parkside.

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