Scottsdale Real Estate Update | Monday April 2nd, 2018
03 Apr 2018 by Barbara Woyak

Scottsdale, AZ

Mon Apr 02 2018 
This week the median list price for Scottsdale, AZ is $891,250 with the market action index hovering around 31. This is an increase over last month’s market action index of 30. Inventory has held steady at or around 2308. Click here to stay informed with the Scottsdale market!

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

100031

Slight Seller’s Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Never miss important changes in the Scottsdale market.

Median List Price $891,250
Per Square Foot $261
Days on Market 156
Price Decreased 46%
Price Increased 3%
Relisted 6%
Inventory 2308
Median House Rent $2,997
Most Expensive $12,500,000
Least Expensive $105,000
Market Action Index
Slight Seller’s Advantage		 31
Avg 7-DayAvg 90-DayApr 2015Jun 2015Sep 2015Nov 2015Feb 2016Apr 2016Jul 2016Sep 2016Dec 2016Mar 2017May 2017Aug 2017Oct 2017Jan 2018Mar2018$600K$650K$700K$750K$800K$850K$900K$950K

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.

Barbara Woyak

Frustrated by a bad experience, Barbara began her real estate career with a goal of providing exceptional service. Our motto is "A Name Friends Recommend." If you have a great experience then you will want your friends and family to have that same great experience.