– May 2025 Scottsdale Homes for Sale and Home Sales –
May was another lackluster month in terms of sales activity. In recent years past, May would post strong sales activity coming off of the high season. But as I alluded to last month, I believe dampened sales can be attributed to economic uncertainty, interest rates not falling and higher home prices.
This report tracks four different items on a monthly basis:
– Single-family homes for sale – Orange Line – How many homes were for sale at the end of the month.
– Under contract, but accepting backup offers (UCB)* – Gray Line – The number of UCB contracts at the end of the month.
– Pending home sales* – Yellow Line – How many pending sales there were at the end of the month.
– Home Sales – Blue Line – How many homes sold over the course of the month.
MAY 2025 RESULTS
- Scottsdale Homes for Sale: After peaking in April, the number of homes for sale fell in May, coming in at just under 1,600 by the end of the month.
- UCB (Under contract, accepting backup offers): UCB contracts fell 10.2% between the end of April and the end of May.
- Pending Homes Sales in Scottsdale: Pending sales fell 16.9% in May. The lower number of UCBs and pendings indicate that June will be a slower sales month.
- Scottsdale Home Sales: Home sales also fell in May, but turned in a solid performance.
Here are two more items we track on a monthly basis:
Percent Change Month Over Month – We track the current month’s performance relative to how it performed during the previous month. For instance, inventory was down 2.2% in May when compared to April.
Sales Price to List Price – This metric gives us an idea of what the market will bear. Average sales prices are compared to average listing prices. If there is a large spread, buyers are getting larger discounts on their home purchases. In May, it was 96.1%, which means buyers saw an average of 3.9% off of asking prices.
*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.
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MLS IDX Listing Disclosure © 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2025. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2025 Heather Tawes Nelson | Joyce Tawes
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