Metro Phoenix Housing Market Gains Billions in Total Value

By Angela Gonzales | Phoenix Business Journal

The metro Phoenix housing market’s total value reached $488 billion during 2019, a big gain from the previous year, according to Jeff Tucker, an economist for Zillow.

Compared with 2018, the total value of the Valley housing market gained 6.6%, or $30 billion last year. Only one market in the country, Washington, D.C., saw a higher dollar-value gain.

Washington had a $38 billion gain, representing a 4.4% increase from 2018. Seattle was No. 3 in the country last year with a $29 billion housing value gain from the year earlier.

Read More (subscriber content)