Scottsdale, AZ housing market saw an increase in the number of pending sales and sales in the month of May from the previous month. This increase is can probably be attributed to the home buyer tax credit that required an executed contract by the end of April. The months supply of inventory decreased which is a good sign the market could be balancing out. Unfortunately for sellers, price has been declining but this presents a great opportunity to make up the loss on the purchase of a new home.
Scottsdale: 3,108 Active Inventory
| May 2010 |
April 2010 |
May 2009 |
|
| Active Listings |
3,108 |
3,323 |
3,661 |
| Pending |
686 |
652 |
556 |
| Sales |
447 |
393 |
350 |
| Months Supply |
6.8 |
8.1 |
10.7 |
| Active Price Per Square Foot |
$282.80 |
$284.06 |
$319.10 |
| Sold Price Per Square Foot |
$184.39 |
$186.02 |
$197.35 |
| Average Sold $ |
$504,572 |
$527,222 |
$558,511 |
Based on information from Arizona MLS & Cromford Associates LLC from the 20th of the month. Information deemed reliable but not guaranteed
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