– September 2023 Scottsdale Housing Market Video –
Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of September.
September 2023 – Video
Scottsdale Active Listings
The number of single-family homes for sale in Scottsdale was up by 9.7% at the end of September when compared to August. Inventory has been increasing slowly each month after hitting a low in June.
When you compare September 2023 to where we were at the same time last year, inventory was down 22.5%.
Average List Price for Scottsdale Homes
I no longer have access to the median list price data I used in previous reports, so I am switching over to average list price. Technically, the median price is a better indicator since the average price can skew one way or the other due to extremely cheap or extremely high list prices, but this will still give you a decent idea of the prices of homes in Scottsdale.
The average list price of homes in Scottsdale in September was over $2.15 million. This is down slightly over August’s $2.18 million, but up over September 2022’s $1.98 million.
Days on Market
The Days on Market gives you an idea of how quickly (or not) homes are selling. Many people simply refer to it as DOM. The higher the number, the longer it takes homes to sell. And the lower the number, home sales are taking place at a faster pace.
In September, Scottsdale’s DOM was 61 days. This is up 16.4% compared to September 2022, but was down 21.3% when compared to August’s 74 days.
Average Sales Price for Scottsdale Homes
As I explained in the average list price section, we have moved from median sale price to average sale price.
September’s average sales price was $1.34 million. This is down 1.5% compared to August’s $1.39 million. However, it was up 9.8% compared to the same month last year.
Number of Homes Sold
In this final section, we will cover home sales.
September sales were down 22.3% compared to August. They were also down year-over-year by 5.5%.
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.
