$329,100

May 26, 2021

The housing market is on FIRE. We are seeing house prices skyrocket across the country, especially here in Metro Phoenix. How hot is it? The median price of a home in the US just hit $329,100. While I’m not in the residential sphere, I’ve been keeping an eye on housing prices and am amazed at the jump in prices over the past year.

While housing is booming, the cost for commodities that build them have gone equally insane. (Lumber has been off the charts, as are concrete and steel in commercial buildings.)

Yes, the market is hot in some sectors and cold in others, which makes having a specialized pro in your corner critical.

Craig
602.954.3762

The Most Important Number of the Week Is $329,100

Robert Burgess

April 24 2021

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Sign up to receive The C2 Voice™. You will receive insightful and concise comments on all things commercial real estate and other interesting topics. Look below to see our archived narratives.

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Sign up to receive The C2 Voice™. You will receive insightful and concise comments on all things commercial real estate and other interesting topics. Look below to see our archived narratives.

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