Phoenix/Scottsdale Real Estate Market June Update – May 2019 Stats

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for June 2019, which shows 10,485 homes sold in the month of May compared to 10,0097 homes in May 2018. This is a 3.8% increase in the number homes sold year over year, and an increase of 7.8% from last month! It is the most homes sold in a the last 5+ years, and the market remains strong with the average sale price is up 4.7% year over year. And the amount of listed homes is up by 2.4% to 16,628 from 16,245 in May 2018, but down from 17,724 in April.

Demand is still gaining strength into Summer and the market is expected to remain strong. Sales activity may still be constrained by the lower supply of listed homes but the number of listed homes has come down a bit again. The average days on market is down 4.7% from last month to just 60 days.

Click here to see the full April 2019 Market Report & Statistics

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 Spring/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 more helpful articles. – Chris & Cheryl Park