Phoenix home values up 1.1% October to November

The latest numbers from the S&P/Case-Shiller Home Price Index show home values rose in the Phoenix area in November of last year while they fell around the country. The average value of a Phoenix-area home in November was just under $112,000. That was 1.1 percent higher than October, but still down 14.2 percent from November 2008. Only five of the 20 largest U.S. markets saw price increases in November versus October, and Phoenix’s 1.1 percent jump was the largest.

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