Market Leaders Profile: Phoenix

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Data and information on the Phoenix remodeling market

October 01, 2009

 

Population: 4,281,899 (31.7 percent increase since 2000)

Home prices

• Down 31.6 percent from 2008

• Down 53.9 percent from June 2006 local peak

• Down 21.8 percent over last 5 years

• Up 9.4 percent over last decade

Homeownership rate: 69.8 percent (No. 25 among major metros)

Median household income: $52,857

Local unemployment rate: 8.7 percent (up from 5.3 percent in 2008)

Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau 



RELATED LINKS



Phoenix Business Journal: Home sales continue to outpace 2008 



The Corner Office: Legacy Design Build Remodeling

 

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