Scottsdale Real Estate Update | Monday February 26th, 2018
Scottsdale, AZ
Mon Feb 26 2018
This week the median list price for Scottsdale, AZ is $875,000 with the market action index hovering around 30. This is about the same as last month’s market action index of 30. Inventory has held steady at or around 2251.
Market Action Index
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
1000100030
Slight Seller’s Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $875,000 | |
| Per Square Foot | $257 | |
| Days on Market | 161 | |
| Price Decreased | 43% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 2251 | |
| Median House Rent | $2,900 | |
| Most Expensive | $12,500,000 | |
| Least Expensive | $100,000 | |
| Market Action Index Slight Seller’s Advantage |
30 |
Avg 7-DayAvg 90-DayMar 2015May 2015Aug 2015Oct 2015Jan 2016Mar 2016Jun 2016Aug 2016Nov 2016Jan 2017Apr 2017Jun 2017Sep 2017Dec 2017Feb2018$600K$650K$700K$750K$800K$850K$900K
The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
