Here is the Monthly Real Estate Market Report for July 2017, which shows 8,008 homes sold in the month of July compared to 7,778 homes in July 2016. This is a 2.9% increase for the number homes sold year over year. And the average sale price is up 8.1% year over year, while the amount of listed homes is down by 11.4% to 17,490 from 19,723 in July 2016. Demand continues to remain strong even during the slower Summer months, and the supply of listed homes continues to fall, with the average days on market down 9.8% from July 2016 to just 65 days. (Click on the link below or the image to view the full Market Report)
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, as the strong market now is 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.