Phoenix/Scottsdale Real Estate Market November Update- October 2017 Stats

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for November 2017, which shows 7,410 homes sold in the month of October compared to 7,104 homes in October 2016. This is a 4.2% increase for the number homes sold year over year. And the average sale price is up 4.3% year over year. The amount of listed homes is down by 8.9% to 19,235 from 21,093 in October 2016. Inventory of listed homes is starting to rise as it does this time of year, but is still well below last year at this time. And demand continues to remain strong going into the Fall/Winter. The average days on market is down 12.2% from October 2016 to 65 days. (Click on the link below or the image to view the full Market Report)

Click here to see the full October 2017 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.

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