Scottsdale Real Estate Update | Monday March 26th, 2018

Scottsdale, AZ

Mon Mar 26 2018
This week the median list price for Scottsdale, AZ is $895,000 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 2277. 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 $895,000
Per Square Foot $261
Days on Market 156
Price Decreased 46%
Price Increased 3%
Relisted 6%
Inventory 2277
Median House Rent $2,900
Most Expensive $12,500,000
Least Expensive $111,000
Market Action Index
Slight Seller’s Advantage
30

Click and drag in the plot area to zoom in.

Avg 7-DayAvg 90-DayApr 2015Jun 2015Sep 2015Nov 2015Feb 2016Apr 2016Jul 2016Sep 2016Dec 2016Feb 2017May 2017Jul 2017Oct 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.