Scottsdale Real Estate Update | Monday July 3rd, 2017
03 Jul 2017 by Barbara Woyak

Scottsdale Real Estate Update for Monday 7/3

This week the median list price for Scottsdale, AZ is $795,000 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 2359.

Slight Buyer’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.

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(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

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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.