Phoenix home sales in last month highest in four years

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Last month's home sales highest in the past 4 years

PHOENIX - Finally, some good news about the Valley's housing market.

Home sales in the Phoenix Metropolitan area last month were at their highest in four years.

Pending sales in March were up 70% from just a year ago.

More than 90% of pending deals are finalized.

Several cities, including Phoenix, Glendale and Peoria even had record sales with bigger numbers than even the 2005-2006 housing boom.

About two-thirds of last month's sales were made up of foreclosed homes.

Those homes are selling double what they did last fall.