– Scottsdale Luxury Home Market Performance for June 2025 –
The luxury home market performed more or less how we expected it to as we moved into summer. Inventory is trending down, new contracts have slowed, and in most cases, sales have slowed, too. What is really interesting is to see how much higher inventory is in 2025 when compared to where we were in July 2024.
This report examines the Scottsdale luxury home market and the sales activity of homes listed for $1 million or more. To provide additional detail, we have divided the data into four price bands.
-JUNE 2025 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: The number of homes for sale fell for the second month in a row.
– UCB Scottsdale Home Sales: UCB contracts fell 45.7% between the end of May, which is pretty close to where we were at this time last year.
– Pending Scottsdale Home Sales: The solid UCB pipeline paid off in June. Pending contracts rose 34.6% month-over-month.
– Scottsdale Homes Sold: Sales rebounded in June as well, coming in on par with the 12 month average.
– Sales Price to Listed Price: 95.7% – On average, buyers saw a discount of 4.3% off of list price.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory has been falling since March, but we are still above the 12 month average.
– UCB Scottsdale Home Sales: UCBs fell 65%, posting the third lowest performance we have seen in the past year.
– Pending Scottsdale Home Sales: Pending contracts were up by one at the end of the month.
– Scottsdale Homes Sold: After three strong seasonal sales months, home sales fell 38.8% in June.
– Sales Price to Listed Price: 95.6% – On average, buyers saw a discount of 4.4% off of list price.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: As we have seen in the other price points, inventory headed lower in June.
– UCB Scottsdale Home Sales: UCBs fell 47.4% between May and June. This is something we tend to see in the warmer summer months.
– Pending Scottsdale Home Sales: Pendings also fell, coming in at the second-lowest performance of the past year.
– Scottsdale Homes Sold: On a more positive note, home sales in June were the highest we have seen in the past year!
– Sales Price to Listed Price: 95.3% – On average, buyers saw a discount of 4.7% off of list price.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory fell under the 300 mark for the first time since December 2024. coming in slightly higher than the 12 month average.
– UCB Scottsdale Home Sales: UCBs fell for the third month in a row.
– Pending Scottsdale Home Sales: Pendings also fell, but at a much more modest rate.
– Scottsdale Homes Sold: And as we saw in all of the other categories, home sales were down by 39.4% when compared to May.
– Sales Price to Listed Price: 91.4% – On average, buyers saw a discount of 8.6% off of list price.
If you would like additional details on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
Search Scottsdale Luxury Homes for Sale
Here is a sample of some luxury homes that are currently for sale:
MLS IDX Listing Disclosure © 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2025 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2025 Heather Tawes Nelson | Joyce Tawes
