Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
May Marks Turning Point in Housing Frenzy, Homebuyers Starting to Regain Control
By Liz Hughes, Phoenix Agent Magazine, June 7, 2022
Homebuyers are finally starting to regain some control.
May was a turning point in the pandemic housing frenzy, according to a new Redfin report, which saw home inventory climb to a new high and more sellers dropping their prices.
Median Listing Price Hits Record $550,000 in Metro Phoenix
AZ Business Magazine, June 6, 2022
New data suggests the U.S. housing market hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since June 2019, according to the Realtor.com® Monthly Housing Trends Report released today. At the same time, the median national home price soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. The median listing price in Metro Phoenix hit an all-time high of $550,000 in May, a year-over-year increase of 22.2%.
Scottsdale Ranks No. 1 Among Most Recovered Cities from Pandemic
AZ Business Magazine, May 9, 2022
The economy gained 431,000 jobs in March, and the national unemployment rate is now 3.6%, which is 76% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose Unemployment Rates Are Bouncing Back Most, as a follow-up to our report on the States Whose Unemployment Claims Are Recovering the Quickest. The good news for Arizona is that the state in home to eight of the 10 most recovered cities, including Scottsdale, which is No. 1.
Median Home Price in Arizona Regional MLS Rises for Seventh Consecutive Month
By Patrick Regan, Phoenix Agent Magazine, April 21, 2022
The median home sale price in the Arizona Regional Multiple Listing Service reached a record $487,500 in March.
The median single-family home price was flat at $350,000 in both October and November 2020. Since then, the number has increased every month but one, rising more than 39% over 16 months.
The only blip on that steady rise was in August 2021, when the median dropped to $429,900 compared to $430,000 the previous month.
Stay informed on the latest Scottsdale real estate market trends by bookmarking this page. The real estate trends in Phoenix and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Scottsdale real estate trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats.
Please call Carmen Brodeur at (602) 791-0536 with any questions.
Voted in the Top 3 Realtors in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
