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

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for September 2018, which shows 8,232 homes sold in the month of August compared to 8,221 homes in August 2017. This is a 0.2% increase for the number homes sold year over year. And the market remains strong with the average sale price is up 7.3% year over year, while the amount of listed homes is down by 9.8% to 15,934 from 17,654 in August 2017. Demand continues to remain strong into going into the Fall, even with sales activity constrained by the lower supply of listed homes. Supply of listed homes is still at a 5+ year low. And the average days on market is down 9.6% from August 2017 to just 57 days!

Click here to see the full August 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. – Chris & Cheryl Park