Mon Apr 30 2018 This week the median list price for Scottsdale, AZ is $895,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 2231. 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
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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