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.
Yun: It’s Impossible for Home Sales to Remain Low
Graham Wood, Realtor Magazine, May 7, 2024
Though sales are currently at a 30-year low, long-term growth in the U.S. population ensures more elevated homebuying activity in the near future.
Given the long-term growth of the U.S. population, there’s no way home sales can remain historically low for much longer, National Association of REALTORS® Chief Economist Lawrence Yun said Tuesday.
Scottsdale Home Sale Price Rose Last Month
Paul Maryniak, Scottsdale Progress, March 27, 2024
The median sales price of homes sold in Scottsdale last month rose 5.7% to $1,155,250 but the average sales price of those homes was far higher.
Phoenix REALTORS data show that the 326 Scottsdale home sales that closed in February had an average price of $1,465,680. Though that average represented only a 1% gain over average prices a year earlier, it was over twice the average $580,689 sale price for homes last month for the Phoenix Metro region.
Pending Home Sales Activity Remains Unchanged
Phil Hall, WRE News, December 28, 2023
The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR).
NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings – stayed at 71.6 in November. An index of 100 is equal to the level of contract activity in 2001.
Metro Phoenix Housing Market Balanced for Now
Catherine Reagor, Arizona Republic, December 28, 2023
But the Valley’s housing market is ending 2023 on a pretty flat note despite interest rates inching down. After its roller coaster ride during the past few years — with spiking home prices and sales and then last year’s slowdown — that’s not a bad thing.
Phoenix-area home sales were down last month, and so is supply.
Housing analysts are calling metro Phoenix’s housing market balanced, which means it doesn’t favor sellers or buyers.
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, 2015-2023. 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.
