– August 2024 Scottsdale Homes for Sale and Home Sales –
Sales activity for the Scottsdale housing market more or less trended down as we experienced seasonality combined with higher home prices and interest rates.
– Single-family homes for sale – Orange Line – The number of homes on the market at the end of the month.
– Under contract, but accepting backup offers (UCB) – Gray Line -How many homes were UCB contracts at the end of the month.
– Pending home sales – Yellow Line – The number of pendings at the end of the month.*
– Home Sales – Blue Line – The number of home sales during that month.
AUGUST 2024 RESULTS
![Scottsdale Home Sales August 2024](https://www.livebetterinscottsdale.com/wp-content/uploads/2024/09/Scottsdale-Home-Sales-August-2024-1.png)
- Scottsdale Homes for Sale: Inventory moved up slightly in August. This could be attributed to lower sales numbers meaning more homes were staying on the market longer, although I do not know that for certain.
- UCB (Under contract, accepting backup offers): The number of UCB contracts fell again, but at a much slower pace than the previous month.
- Pending Homes Sales in Scottsdale: Pendings actually increased in August. Although the number of pendings was still on the lower end, this was a positive development.
- Scottsdale Home Sales: Sales fell for the fourth month in a row, which correlates with our slower season.
Below are two more metrics we track monthly:
Percent Change Month Over Month – The top chart compares month-over-month performance for each of the four items we are tracking. For instance, pending sales were up 7.4% over July.
Sales Price to List Price – Here we look at what homes are selling for relative to what they had been listed for. In August, the sales price to list price was 95.9%, meaning that buyers on average saw a discount of 4.1%.
*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.
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MLS IDX Listing Disclosure © 2024
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2024. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2024 Heather Tawes Nelson | Joyce Tawes
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