Mon Mar 12 2018 This week the median list price for Scottsdale, AZ is $891,250 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 2260. Click here to stay informed with the Scottsdale market!
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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