Phoenix/Scottsdale Real Estate Market February Update – January 2018 Stats

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for February 2018, which shows 6,198 homes sold in the month of January compared to 6,013 homes in January 2017. This is a 3.0% increase for the number homes sold year over year. And the average sale price is up 10.3% year over year, while the amount of listed homes is down by 13.7% to 17,441 from 20,200 in January 2017! Inventory of listed homes is still well below last year at this time, and demand continues to remain strong going into the winter/spring. The average days on market is down 12.5% from January 2017 to just 70 days. (Click on the link below or the image to view the full Market Report)

Click here to see the full January 2018 Market Report & Statistics

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 winter/spring, 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.