Scottsdale Real Estate Update | Monday May 1st, 2017
01 May 2017 by Barbara Woyak

Scottsdale Real Estate Update for Monday 5/1

This week the median list price for Scottsdale, AZ is $830,000 with the market action index hovering around 28. This is an increase over last month’s market action index of 27. Inventory has held steady at or around 2811.

Slight Buyer’s Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may 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.