Scottsdale Real Estate Update | Monday April 30th, 2018
01 May 2018 by Barbara Woyak

Scottsdale, AZ

Mon Apr 30 2018 
This week the median list price for Scottsdale, AZ is $895,000 with the market action index hovering around 32. This is an increase over last month’s market action index of 31. Inventory has held steady at or around 2231. 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

100032

Slight Seller’s Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.

Median List Price $895,000
Per Square Foot $261
Days on Market 159
Price Decreased 49%
Price Increased 4%
Relisted 7%
Inventory 2231
Median House Rent $3,008
Most Expensive $12,500,000
Least Expensive $250,000
Market Action Index
Slight Seller’s Advantage		 32
Avg 7-DayAvg 90-DayMay 2015Jul 2015Oct 2015Dec 2015Mar 2016May 2016Aug 2016Oct 2016Jan 2017Mar 2017Jun 2017Sep 2017Nov 2017Feb 2018Apr2018$650K$700K$750K$800K$850K$900K$950KFriday, Jul 1, 2016● Avg 7-Day: $750,000

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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.