Queen Creek’s housing market is sending two seemingly contradictory signals: Home sales are plunging, but the median price of homes that do sell is climbing.
The number of homes sold in Queen Creek last month fell more than 27% from a year earlier, while pending sales — an indication of future closings — dropped by more than half, according to data from Phoenix Realtors, the Valley’s largest association of real estate professionals.
Yet, the median sale price increased nearly 11%, reaching $691,747, according to the latest monthly figures from Phoenix Realtors…