Sales price of metro Phoenix homes up 4 percent

The sales price of a metro Phoenix house climbed more than 4 percent in February, bringing the region’s median home-sales price nearly back to what it was in 2004.

Last month, the median sales price of a house hit $170,000, according to the W. P. Carey School of Business at Arizona State University. That’s up 36.5 percent from the Phoenix area’s median sales price of $124,500 in February 2012.

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