TEMPE, Ariz. -
A new report by real state researchers at Arizona State University says the median home price in metro Phoenix during October increased by 34 percent when compared to the same period a year before.
The report by the university's W.P. Carey School of Business says the median home price stood at $157,000 in October.
The median home price for October 2011 was $116,000.
The researchers also said the supply of homes and condos in metro Phoenix increased 31% over the past three months.
Top 10 increases:
- Arizona City: 43%
- El Mirage: 40%
- Casa Grande: 39%
- Youngtwon: 39%
- Maricopa: 38%
- San Tan Valley: 38%
- Phoenix: 36%
- Tolleson: 36%
- Wittman: 35%
- Coolidge: 33%
Notable cities include:
- Glendale: 38%
- Mesa: 21%
- Tempe: 20%
- Chandler: 18%
- Scottsdale: 14%
The Associated Press contributed to this report.
