– Scottsdale Luxury Home Market Performance for May 2026 –

It was a very solid month for sales and contracts in the luxury market in Scottsdale. At this time of year, I would expect sales and contracts to be trailing lower, but in many cases they were increasing.

To be included in this report, all of these homes had to have been listed for $1,000,000 or more. I’ve broken the data down into several price bands to show the market dynamics a little bit better.

Starting last month, I’ve added two new price bands because the over $3 million price point was getting too much activity, and it was hard to understand trends. I will continue including the $3 million plus price point data for a while, but I’ve also created two new price bands which are $3- $5 million dollars and then $5 million dollars or more.

– MAY. 2026 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	273	230	202	229	237	230	219	290	297	310	295	264	256
UCB	35	30	43	40	53	53	27	51	69	57	52	54	47
Pending	52	43	51	31	32	41	35	42	66	70	60	50	48
Sold	82	78	57	94	80	68	97	67	86	120	125	105	88

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	95.7%	96.3%	94.2%	96.8%	96.7%	96.4%	96.3%	96.8%	96.8%	96.5%	96.4%	96.3%	96.3%

– Active Scottsdale Homes on the Market: As we moved out of the high season, inventory continued to fall in this price point. The month closed out with 264 listings, which is bringing it pretty close to the 12-month average.
–UCB Scottsdale Home Sales: UCB contract activity remained strong. It actually was up slightly over April and is ahead of the 12-month average
– Pending Scottsdale Home Sales: Pending sales fell for the second month in a row to 50.
– Scottsdale Homes Sold: after a record-breaking April sales figure, sales were down in May to 105 for the month. However, this is still well ahead of the 12-month average.
– Sales Price to Listed Price: 96.3% – On average, buyers saw a discount of 3.7% off of list price.

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	207	159	148	171	179	158	154	195	207	227	229	201	186
UCB	20	30	20	23	36	42	27	40	40	37	26	24	30
Pending	21	21	22	24	19	32	21	32	36	28	35	41	28
Sold	49	35	50	36	50	38	63	40	61	77	65	62	52

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	95.6%	95.7%	96.4%	95.4%	96.9%	96.1%	95.5%	96.7%	97.4%	96.7%	96.1%	96.5%	96.2%

– Active Scottsdale Homes on the Market: The number of homes for sale in this price range fell to 201 at the end of May. This represents a 13.9% decrease from the previous month.
–UCB Scottsdale Home Sales: The number of UCB contracts fell slightly in May.
– Pending Scottsdale Home Sales: After a fantastic April, May came in even stronger in terms of pending contracts. Pendings were up 14.6% over the previous month.
– Scottsdale Homes Sold: Sales remained strong at 62, turning in the third-highest performing month of the past year.
– Sales Price to Listed Price: 96.5% – On average, buyers saw a discount of 3.5% off of list price.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	221	179	176	207	238	209	187	216	227	230	217	195	208
UCB	19	23	20	26	22	31	20	34	41	31	36	32	28
Pending	20	19	24	29	27	32	23	28	50	38	42	34	30
Sold	49	32	22	30	51	39	57	41	43	74	51	63	46

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	95.3%	93.4%	94.2%	95.0%	96.5%	95.9%	95.0%	95.7%	96.2%	95.8%	96.4%	95.6%	95.4%

– Active Scottsdale Homes on the Market: Inventory continued to fall, and by the end of May, this price point had dipped under the 200 mark.
–UCB Scottsdale Home Sales: After a jump up in April, UCB contracts saw a slight decline and closed out the month at 32. This is still above the 12-month average.
– Pending Scottsdale Home Sales: Although the number of pending contracts fell in May, it was still a very strong month performance-wise.
– Scottsdale Homes Sold: After a subdued April, home sales rebounded in May, closing out the month at 63. This represents a 19% increase over the previous month.
– Sales Price to Listed Price: 95.6% – On average, buyers saw a discount of 4.4% off of list price.

Scottsdale Homes Over $3,000,000

Starting April 2026, this band is also tracked as two sub-bands — see the $3M–$5M and $5M+ reports.

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	299	258	248	288	339	345	340	398	440	437	404	358	346
UCB	15	15	21	19	12	25	22	40	42	43	44	45	29
Pending	25	23	21	24	29	36	33	38	34	31	33	40	31
Sold	33	27	21	33	36	19	36	40	55	61	55	50	39

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	91.4%	95.7%	93.7%	94.7%	95.3%	97.0%	96.1%	96.8%	95.3%	95.8%	95.9%	95.9%	95.3%

– Active Scottsdale Homes on the Market: The number of homes on the market fell 12.8% to close out the month at 358. This is the first time it has been under 400 since February.
– UCB Scottsdale Home Sales: UCB contracts were up slightly at the end of the month at 45. This is well ahead of the 12 month average.
– Pending Scottsdale Home Sales: Pending sales turned in the highest performance of the past year. There were 40 pending contracts at the end of the month.
– Scottsdale Homes Sold: Home sales were down 10%, but still turned in a very solid month.
– Sales Price to Listed Price: 95.3% – On average, buyers saw a discount of 4.7% off of list price.

---

Here are the two new price bands I’ve introduced. As you can see, there’s very little data, but once we start getting some measurable data, I will be doing analysis on these price points as well.

Scottsdale Homes Priced Between $3,000,000 – $4,999,999

Dedicated tracking for this sub-band began April 2026.

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	—	—	—	—	—	—	—	—	—	—	246	220	233
UCB	—	—	—	—	—	—	—	—	—	—	26	25	26
Pending	—	—	—	—	—	—	—	—	—	—	22	22	22
Sold	—	—	—	—	—	—	—	—	—	—	40	32	36

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	—	—	—	—	—	—	—	—	—	—	96.1%	95.2%	95.6%

Scottsdale Homes Over $5,000,000

Dedicated tracking for this sub-band began April 2026.

Market Activity

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Active	—	—	—	—	—	—	—	—	—	—	158	138	148
UCB	—	—	—	—	—	—	—	—	—	—	18	20	19
Pending	—	—	—	—	—	—	—	—	—	—	11	18	14
Sold	—	—	—	—	—	—	—	—	—	—	15	18	16

Sales to List Price

	2025							2026					Avg
Metric	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	12-Mo
Sales / List	—	—	—	—	—	—	—	—	—	—	95.6%	93.7%	94.7%

---

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:

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2026 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 ©2026 Heather Tawes Nelson | Joyce Tawes