– October 2018 Scottsdale Housing Market Video –
October 2018 – Video
Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of October.
Scottsdale Active Listings
This first screenshot is looking at the number of homes for sale at the end of October 2018 in comparison with October 2017. Inventory year-over-year was down 18%.
This is a similar statistic, but this time is it looking at active listings between the end of September and the end of October 2018.
The number of homes for sale were up 5% .
Median List Price for Scottsdale Homes
The median list price tells you the midpoint price of all of the homes for sale. So, half of the homes are listed higher and half are listed lower.
In October 2018, the median list price in Scottsdale was $880,000. This was up over last October’s $824,300.
Days on Market
The Days on Market (abbreviated as DOM) is a popular measurement. It measures how long on average it is taking homes to sell.
Scottsdale’s Days on Market for October 2018 was 87. This is down 2% from the same time period last year.
Median Sales Price for Scottsdale Homes
Similar to the median list price, we are now looking median sales price, the exact middle of all the homes’ sales prices for the month.
The median sales price in October 2108 was $570,000. This is up from the previous month’s median sales price of $575,000 and well above October 2017’s median sales price of $490,000.
Number of Homes Sold
Now we will take a look at home sales activity.
This top image covers homes sales activity in October 2018 compared to October 2017.
Home sales declined by 8%.
This image also shows home sales, but now we are comparing October’s home sales to September’s.
Sales rebounded and were up 11% over the prior month.
We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.
For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.
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Disclaimer: Data deemed to be accurate, but is not guaranteed.
