Are local real estate sales and listings stacking up against the nation’s latest forecasts? Are Scottsdale home sales trending above U.S. statistics? Take a look at the latest market data for Maricopa County, as well as the residential real estate market in Scottsdale and the surrounding areas.
This report is generated and shared monthly by the Scottsdale Area Association of REALTORS® in the SAAR News newsletter and on the SAAR website. The May 2018 report gives a snapshot of information relevant to all readers, but especially to active REALTORS® and their clients. Here are some highlights.
High End Property Sales
High End Property Sales fell off after a robust winter and spring, showing our market continues to have seasonal impact.
New Pending Sales
Although high end property sales have slowed down, new pending sales overall are up 3.6%.
Foreclosures continue to decline in Maricopa County as distressed listings fall over 60% from 2017 numbers.
Average and Median Sales price shows a healthy but gradual increase which is favorable to the continuation of our strong real estate market.
Inventory levels are still well below demand with a continued decline in new listings.
This and all reports include summaries of key listing and sales metrics, new listings and volume, active listings and volume, average and median listing price, median days in RPR and much more. Refer to the Market Data and Research reports regularly to help support your real estate business.