Scottsdale Real Estate Update | Monday June 5th, 2017
05 Jun 2017 by Barbara Woyak

Scottsdale Real Estate Update for Monday 6/5

This week the median list price for Scottsdale, AZ is $810,000 with the market action index hovering around 29. This is about the same as last month’s market action index of 29. Inventory has decreased to 2623.

Slight Buyer’s Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

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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.