Given the 6% decrease in sold listings and the 18% increase in inventory, the Scottsdale housing market may face short term pressure on transaction volumes in the coming months. However, the significant 11% rise in the average sales price and the increase in the average price per square foot indicate strong market values. With mortgage […]
The Metro Phoenix housing market experienced a notable shift in the 2nd Quarter of 2024, as the number of sold listings decreased by 7% and inventory shifted significantly by 24%. Yet despite the decrease in transactions, the average sales price climbed by 3%. Given these numbers, we may continue to see pressure on transaction volumes […]
Despite a 13% decrease in sold properties, the average sales price increased modestly by 1%, while the average price per square foot remained stable, indicating consistent pricing dynamics. The rise in available homes for sale suggests a shift toward a more balanced market. However, with interest rates dropping below 7% and the Scottsdale home selling […]
Despite a 13% decrease in sold properties, the average home sales price increased by a solid 7%, while the average price per square foot declined, indicating consistent pricing dynamics. The rise in available homes for sale suggests a shift toward a more balanced market. However, with interest rates dropping below 7% and the MetroPhoenix home […]
The current real estate market in Scottsdale can be succinctly described as “subdued.” Despite low sales volumes and distress levels near historic lows, stability prevails. A notable shift in prices seems unlikely in the near future, dampening hopes of significant price reductions. The trajectory hints at a gradual move towards balanced market conditions, tempering expectations […]
The current real estate market in Metro Phoenix can be succinctly described as “subdued.” Despite low sales volumes and distress levels near historic lows, stability prevails. A notable shift in prices seems unlikely in the near future, dampening hopes of significant price reductions. The trajectory hints at a gradual move towards balanced market conditions, tempering […]
In Quarter 1, 2024, Scottsdale saw a 1% increase in Sold properties compared to Quarter 1, 2023, yet Average Sales prices increased by 9%. Despite this, Inventory rose, offering homebuyers more choices and bargaining power. As we enter Quarter 2, our seasonally strong period for sales, attention turns to potential rate cuts by the Federal […]
In Quarter 1, 2024, Metro Phoenix saw a 6% drop in Sold properties compared to Quarter 1, 2023, yet Average Sales prices increased by 13%. Despite this, Inventory rose, offering homebuyers more choices and bargaining power. As we enter Quarter 2, our seasonally strong period for sales, attention turns to potential rate cuts by the […]
In February 2024, Scottsdale’s housing market showed a big increase in property values and demand compared to January. The average home sales price rose to $1,465,679, showing strong market activity and higher property prices. Also, the number of available properties for sale decreased from a 7-month supply in January to a 5.55-month supply in February […]
In February 2024, the Metro Phoenix housing market witnessed a significant increase in sold listings compared to January. Despite this uptick in sales, the average sales price experienced a slight decline to $1,032,410, yet the average price per square foot rose to $379. The inventory of available properties for sale decreased from 6.1 months in […]
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