– December 2018 Scottsdale Housing Market Video –
December 2018 – Video
Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of December.
Scottsdale Active Listings
Here is the number of homes for sale at the end of December 2018 compared to the end of December 2017. Inventory year-over-year was down 14%.
Here is the same information, but in this case, we are looking at the end of December 2018 compared to the end of November 2018. The number of homes for sale was down 7%.
Median List Price for Scottsdale Homes
The median list price is the exact midpoint of prices of homes for sale. One half of the homes for sale are priced higher and one half are priced lower.
In December 2018, the median list price in Scottsdale was $912,500. This is up over the same time last year when this figure came in at $875,000.
Days on Market
Days on Market (also known as DOM) is a quick and easy measurement to get a sense of how hot or sluggish a market is. When the DOM is high, homes are selling at a slower pace. When the DOM is low, homes are selling more quickly.
The December Days on Market for Scottsdale figure was 88. This is down 5% from the same time period last year.
Median Sales Price for Scottsdale Homes
Here is the median price again, but in this case, we are now looking at the sales prices of homes.
The median sales price in December 2018 was $599,000. This is up from the December 2017’s median sales price of $555,000. However, it came in lower than November 2018’s median sales price of $610,000.
Number of Homes Sold
This last part looks at home sales activity.
This top image compares home sales on a year-over-year basis. The number of homes sold declined by 13% between the two years.
This lower image takes a look at month-over-month sales activity.
Sales were down month-over-month too, coming in 1% lower than the end of November.
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.
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Disclaimer: Data deemed to be accurate, but is not guaranteed.