Community Property Type Price Min Price Max Beds Baths

Phoenix Real Estate Update / Scottsdale Real Estate Update

Here’s a look at what the latest sales reports tell us about Phoenix real estate and Scottsdale real estate sales activity.  All data is from reports published in mid-June using data through the end of May, and compiled by the Arizona Association of Realtors, the Scottsdale Association of Realtors, and the Phoenix Association of Realtors.

 

Phoenix Real Estate Update

 

Total Inventory:

March: 13,086

April: 12,970

May: 12,850

 

Average Days on Market:

March

Single Family: 93.28

Condo: 95.86

 

April

Single Family: 92.51

Condo: 104.02

 

May

Single Family: 86.38

Condo: 114.51

 

Average Sales Price:

 

March

Single Family: $255,568

Condo: $195,214

 

April

Single Family: $249,483

Condo: $166,824

 

May

Single Family: $239,035

Condo: $199,903

 

Over the past three months, the single family market for Phoenix homes and Scottsdale homes has showed signs of stabilizing, even correction.  The market for Phoenix condos and Scottsdale condos, however, still remains unstable and no significant inferences can be made.

 

Consult a qualified Phoenix Realtor or Scottsdale Realtor for additional information.

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