– Scottsdale Luxury Home Market Performance for May 2023 – May was a very good month in terms of sales of luxury homes in Scottsdale. New contracts came in with mixed results and inventory is on its way down again. In this report, we examine the Scottsdale luxury home market, where all of the homes […]
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Are Home Prices Going Up or Down? That Depends…
Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). […]
Phoenix and Scottsdale AZ Luxury Condo Sales – May 2023
Luxury Condo Sales in Scottsdale and Phoenix – May 2023 The Scottsdale/Phoenix luxury condo market had another excellent month of sales in May. In this analysis, we look at luxury condo sales in Scottsdale and Phoenix. To be a part of this report, the condo had to have a list price of one million dollars […]
National Real Estate Market Update for 2023
There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates. Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further […]
Quick Video Update of the Scottsdale Real Estate Market – May 2023
– May 2023 Scottsdale Housing Market Video – Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of May. May 2023 – Video Scottsdale Active Listings The number of homes for sale dropped under the 1,000 mark by the end of the month. While this is still […]
Scottsdale AZ Single Family Home Sales – May 2023
– May 2023 Scottsdale Homes for Sale and Home Sales – After a quieter April, May sales activity rebounded. We had seen a higher number of pending contracts in April and it looks like a large number of them closed in May. SCOTTSDALE HOME SALES ACTIVITY – MAY 2023 We track the following sales statuses […]
The Best Time To Sell Your House Is When Others Aren’t Selling
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. In fact, in Scottsdale, inventory has been decreasing over the last several months. Looking back at every April since […]
The Worst Home Price Declines Are Behind Us
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very […]
