Scottsdale Real Estate Update | Monday March 12th, 2018
13 Mar 2018 by Barbara Woyak

Scottsdale, AZ

Mon Mar 12 2018 
This week the median list price for Scottsdale, AZ is $891,250 with the market action index hovering around 30. This is about the same as last month’s market action index of 30. Inventory has held steady at or around 2260. 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

100030

Slight Seller’s Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $258
Days on Market
159
Price Decreased 43%
Price Increased 3%
Relisted 6%
Inventory 2260
Median House Rent $2,995
Most Expensive $12,500,000
Least Expensive $100,000
Market Action Index
Slight Seller’s Advantage		 30
Avg 7-DayAvg 90-DayMar 2015Jun 2015Aug 2015Nov 2015Jan 2016Apr 2016Jun 2016Sep 2016Nov 2016Feb 2017Apr 2017Jul 2017Sep 2017Dec 2017Mar2018$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.