Phoenix/Scottsdale Real Estate Market October Update – September 2018 Stats

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for October 2018, which shows 7,054 homes sold in the month of September compared to 7,496 homes in September 2017. This is a 5.9% decrease for the number homes sold year over year. But the market remains strong with the average sale price is up 7.8% year over year, while the amount of listed homes is down by 9.5% to 16,877 from 18,645 in September 2017. Demand continues to remain strong going into the Fall, even with sales activity constrained by the lower supply of listed homes. Supply of listed homes is near a 5+ year low. And the average days on market is down 12.2% from September 2017 to just 58 days!

Click here to see the full September 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 Fall/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 to see Scottsdale area homes and helpful articles. – Chris & Cheryl Park

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