– October 2019 Scottsdale Housing Market Video –
October 2019 – Video
Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of October.
Scottsdale Active Listings
Although the video says inventory was level, it actually increased from 1,261 at the end of September to 1,376 at the end of October, about 9%.
Median List Price for Scottsdale Homes
This next image shows the median list price of Scottsdale homes. If you are not familiar with the median, it is the exact middle value of home list prices. Therefore half of the homes will have higher prices and half will have lower prices.
October’s median list price was $1,100,000 million. This is up quite a bit from last year’s $849,000 and also up from last month’s $998,000.
Days on Market
The Days on Market (also knows as DOM) is a quick way to get a sense of a real estate market. When homes are not selling, you will see a high DOM. But if homes are selling quickly, the DOM is low.
Scottsdale’s DOM in October was 88 days, This is up by one day compared to October 2018.
Median Sales Price for Scottsdale Homes
Just like the median list price, this is the median sales price. Again, half of the prices were higher and half were lower.
The median sale price was $591,000. This comes in ahead of October 2018’s $570,000, and is also higher than September 2019’s median sales price of $584,000.
Number of Homes Sold
This final section covers home sales.
If we look year over year home sales, they were up 14%.
And if we look at sales on a month over month basis, sales were up 2%.
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.
Click to watch other videos on our Live Better in Scottsdale YouTube Channel.
Interested in other stats for our market? Visit our Real Estate Market Update page.
Disclaimer: Data deemed to be accurate, but is not guaranteed.
