Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for July 2018, which shows 9,224 homes sold in the month of June compared to 9,569 homes in June 2017. This is a 3.7% decrease for the number homes sold year over year, which is being driven by the lowest inventory of listed homes in the last 5 years. And the market remains strong with the average sale price is up 8.4% year over year, while the amount of listed homes is down by 12.1% to 15,671 from 17,809 in June 2017. Demand continues to remain strong into Summer even with activity constrained by lower inventory. The average days on market is down 9.7% from June 2017 to just 56 days!
Give us a call or text us at 480-754-9477 or 480-754-9077 if you’re thinking about buying or selling a home this Summer, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and helpful articles. – Chris & Cheryl Park