Quick Video Update of the Scottsdale Real Estate Market – March 2018
- March 2018 Scottsdale Housing Market Video -
March 2018 - Video
Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of March.
Scottsdale Active Listings
This first snapshot looks at the number of homes for sale in March 2017 compared with March 2018.
The number of homes for sale was down 17% from the previous year.
This also is a look at for sale inventory, but it now is comparing February 2018 to March 2018. The number of homes for sale was level over the two months.
Median List Price for Scottsdale Homes
The median list price is the exact middle price for all of the homes for sale.
In March, the median list price came in just under $950,000, a difference of $100,000+ between 2017 and 2018.
Days on Market
Days on Market (also shown as DOM) is a quick way to see if a market is hot or not. It captures the number of days it is taking homes to sell.
If you see a low DOM, homes are selling more quickly. A high DOM means it is taking homes longer to sell.
March 2018's DOM was 99. This is 1% higher than March 2017's 98.
Median Sales Price for Scottsdale Homes
This next image is the median sales price. Here, half of the homes sold above and half sold below this price.
March's median home sales price was $580,000. This is up over March 2017's $525,000 and up quite a bit over February 2018's $516,500.
Number of Homes Sold
This final section covers home sales activity.
Sales were down 1% between March 2017 and March 2018.
However, sales saw a huge 25% increase between February and March 2018.
We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.
For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or [email protected].
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Originally posted on Live Better in Scottsdale
Disclaimer: Data deemed to be accurate, but is not guaranteed.