Scottsdale Real Estate Update | Monday April 17th
Scottsdale Real Estate Update for Monday 4/17
This week the median list price for Scottsdale, AZ is $824,900 with the market action index hovering around 28. This is an increase over last month’s market action index of 27. Inventory has held steady at or around 2855.
Slight Buyer’s Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
(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.)
Real-Time Market Profile
| Median List Price | $824,900 |  |
| Asking Price Per Square Foot | $249 | |
| Average Days on Market (DOM) | 155 |  |
| Properties with Price Decrease | 48% |  |
| Properties with Price Increase | 3% |  |
| Percent Relisted | 5% | |
| Inventory | 2855 | |
| Most Expensive Listing | $19,950,000 | |
| Least Expensive Listing | $185,000 | |
| Market Action Index Slight Buyer’s Advantage |
28 | |
|
Strong Upward Trend | |
Strong Downward Trend |
|
Slight Upward Trend |  |
Slight Downward Trend |
|
No Change |
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