Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for February 2019, which shows 5,474 homes sold in the month of January compared to 6,198 homes in January 2018. This is a 11.7% decrease for the number homes sold year over year. The market has slowed seasonally but does remain strong with the average sale price is up 3.9% year over year. And the amount of listed homes is up by 9.1% to 19,338 from 17,441 in January 2018. Demand slowed a bit at years end but remains strong going into February/March when the market improves seasonally. And sales activity has been constrained by the lower supply of listed homes. Supply of listed homes has come up from a 5+ year low. The average days on market is down 5.8% from January 2018 to just 66 days.
Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Winter, 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 more helpful articles. – Chris & Cheryl Park