Scottsdale Arizona Real Estate Market Stats

For October 6, 2022

This week the median list price for single-family homes for Scottsdale, AZ, 85255, is $1,699,500, with the market action index hovering around 36. this is less than last month’s market action index of 37. Inventory has increased to 206 homes. The market has been cooling off a bit in recent weeks. as more homes are available and demand is less. We are already seeing prices move lower as a result. Expect this trend to continue, especially if the index falls into the Buyer’s zone. Watch for a persistent upturn in Market Action to signal prices rising again. We are going into our selling season, which is October-May, so we might see an upswing in the market. Most sellers wait until after the holidays to place their properties on the market during our selling season; I suggest beating the crowd and placing your home on the market in October. One of my best months for sales for the year is always December. If you are considering selling your home, contact the Lucky Duck, Michelle Quackenbush. Thank you, and have a lucky duck day. ?