– November 2024 Scottsdale Homes for Sale and Home Sales –
November was a quieter month for Scottsdale home sales, as it usually tends to be as people head into the holidays. Inventory and sales were down, but there was a little bit of an uptick in new contract activity.
Each month, we keep tabs on four key sales metrics:
– Single-family homes for sale – Orange Line – How many homes were actively listed at the end of the month.
– Under contract, but accepting backup offers (UCB)* – Gray Line – The number of UCB contracts there were at the end of the month.
– Pending home sales* – Yellow Line – How many pending contracts there were at the end of the month.
– Home Sales – Blue Line – How many homes sold over the course of the month.
NOVEMBER 2024 RESULTS
- Scottsdale Homes for Sale: After several months of increases, the number of homes on the market fell in November. However, November was still the second-highest we have seen in the past year.
- UCB (Under contract, accepting backup offers): UCBs were up 13.3% over October. This performance is similar to what we saw in May and June of 2024.
- Pending Homes Sales in Scottsdale: Pending sales remained the same with 168 at the end of the month.
- Scottsdale Home Sales: As I mentioned last month, October’s fewer contracts led to fewer sales in November. A total of 292 homes sold this month.
Here are two more things we track monthly to give us a better perspective on the Scottsdale market:
Percent Change Month Over Month – Here, we look at the rate of change between the current month and the previous month. This metric allows you to track trends in sales activity. For instance, home sales were down 7.9% between October and November.
Sales Price to List Price – This metric measures what homes are selling for in comparison to what they were listed for. In November, it was 97.0% which means buyers saw a discount of 3.0% off of asking prices on average.
*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 © 2025
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 12/1/2024. 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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