Here are the home sales figures for Scottsdale Arizona for the month of May 2012.
There are three categories of data we follow. They include the current homes for sale in Scottsdale, pending sales of homes and completed home sales. The information has been broken into monthly segments to show changes over the course of the last year.
The chart below shows active, pending and completed sales over the past year through May 2012.
The chart below shows the percentage change month over month as well as the average sales price to list price ratio for Scottsdale home sales.
May 2012 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: Active homes on the market dropped for the fourth consecutive month to 1,359. This is now the lowest level we have seen in the last year. The continued shrinking of inventory will continue to cause competition among buyers, particularly in the lower-priced homes where the number of homes for sale is very low. The average number of homes on the market over the past year is 1,643.
- Pending Homes Sales in Scottsdale: Pending home sales fell in May compared to April. However, April was an incredibly successful month for pending sales and the lack of inventory may have held this number down a bit. Over the last 12 months the average pending sales figure was 503.
- Scottsdale Homes Sold: Home sales continued to stay strong, coming in just second to June of 2012. 564 homes sales is quite impressive when you consider the average of the last 12 months has been 430 home sales.
- Sales Price to List Price: 94.3% – With the exception of March 2012, this is about where this figure has been coming in for the last year or so.
May 2012 kept the momentum going for the Scottsdale real estate market. We saw the second highest month of home sales that we have seen over the last 12 months and pending sales stayed strong. Inventory continues to shrink, which means we will continue to see multiple offers and competition for well-priced homes for the near future.
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Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012 Heather Tawes Nelson