Phoenix/Scottsdale Real Estate Market June Update – May 2018 Stats

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for June 2018, which shows 10,097 homes sold in the month of May compared to 9,797 homes in May 2017. This is a 3.0% increase for the number homes sold year over year, and first time 10,000+ homes have sold in a month in more than 5 years. And the average sale price is up 9.6% year over year, while the amount of listed homes is down by 12.9% to 16,245 from 18,649 in May 2017. Inventory of listed homes is still well below last year at this time, and demand continues to remain strong going into the Summer months. The average days on market is down 18.6% from May 2017 to just 57 days!

Click here to see the full May 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 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 to see Scottsdale area homes and helpful articles.