– December 2024 Scottsdale Homes for Sale and Home Sales –
With the end of the year, we tend to see a little flurry of activity as people are trying to get things done before the new year. We also see inventory decrease as people take their homes off of the market for the holidays and many listing contracts expire on December 31st.
For this report, we track four sales metrics related to Scottsdale’s housing market:
– Single-family homes for sale – Orange Line – The number of homes for sale at the end of the month.
– Under contract, but accepting backup offers (UCB)* – Gray Line – How many UCBs there were 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 over the course of the month.
DECEMBER 2024 RESULTS
- Scottsdale Homes for Sale: Inventory dipped as we closed out the year. This is something we see annually due to the holidays and expiration dates on listing agreements.
- UCB (Under contract, accepting backup offers): After a strong November, we saw new contracts fall off in December. We tend to see this every year due to the holidays.
- Pending Homes Sales in Scottsdale: Similarly to UCBs, pendings also fell, but at a slower pace.
- Scottsdale Home Sales: November’s strong activity around new contracts led to a 4.3% increase in sales in December.
Below are two more sales metrics we track to monitor Scottsdale’s market.
Percent Change Month Over Month – Percent change compares the month’s activity with the previous month’s. With the exception of home sales, which increased, all of the other items saw a decrease in December.
Sales Price to List Price – This measurement gives you a sense of what homes are selling for in relation to their asking prices. In December, it was 97%, meaning homes sold on average for 3% less than what they were listed for.
*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 1/1/2025. 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 © 2025 Heather Tawes Nelson | Joyce Tawes
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