– June 2020 Scottsdale Housing Market Video –
June 2020 – Video
June saw home sales rebound to the same kind of sales activity we saw in June 2019 and sales increased 64% over May of this year.
Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of June.
Scottsdale Active Listings
The number of homes for sale fell again to end the month under 1,100. This is a 15% decrease from the end of May.
This very low inventory number will continue to hamper sales activity, especially in the lower price points. Those homes are selling quickly and many of them are selling for over asking prices.
Median List Price for Scottsdale Homes
The median list prices the exact midpoint of all home prices. One half is priced higher and one half is priced lower. (People like to track this metric versus average price, because a very high or very low price can skew the average.)
June’s median list price was $1.18 million. This is up slightly from May, when it was $1.1 million. However, it is way up from June 2019’s $875K.
Days on Market
Days on Market (also referred to as DOM,) is a quick measure to see if a market is healthy or not. Low DOMs mean homes are selling rapidly, whereas higher DOMs mean homes are sitting on the market longer.
June’s Days on Market was 78 days. This is a 25% decrease from the same time last year, showing you the current demand in the market.
Median Sales Price for Scottsdale Homes
Here is the median price again, but this time it is for the homes that sold.
The median sales price in Scottsdale in June was $629,000.
It was up over June 2019’s $594K and May 2020’s $629K.
Number of Homes Sold
This last section looks at home sales.
This first image compares sales from June 2019 to June 2020. As you can see sales were level year-over-year.
Here is an impressive one that shows month-over-month sales. Sales were up an impressive 64% over May.
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.
Click to watch other videos on our Live Better in Scottsdale YouTube Channel.
Interested in other stats for our market? Visit our Real Estate Market Update page.
Disclaimer: Data deemed to be accurate, but is not guaranteed.