The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of April 2018

 

Market status: HOT for Sellers AND Buyers – strong sales month! The market is still on fire!!! Hot, Hot, Hot….

April 2018 Dollar Value of Homes Sold:  WOW! up 14% from a year ago.Down 3% from last month.

April 2018 Closed Sales: Up 4% from last year,down 4% from last month.

April 2018 Average Home Price Sold:  Up 10% from last year to $305,000, up 1.7% from last month.

 

WHAT’S YOUR HOME REALLY WORTH?

 

April 2018 Average Days On The Market: Down to 64 days, homes are selling faster than last month.

April 2018 Discount price: About 2.8%. Sellers have ‘the’ edge, but buyers can still buy with a small discount, but it’s diminishing – it’s tight. Buy and don’t argue too much.

April 2018 Market Numbers: 16,300 active listings on the market (very, very, very low!!!), 10,500 new contracts, and about 9,650 sold in the last 30 days. An incredibly very low inventory! And high spike in sales of homes! The market is red hot!!!

Recommendation: You see it, like it, then buy it… fast. Look now, look tomorrow: gone

April 2018 The Total County Absorption Rate: down to 2.5 months of inventory, which means houses are selling fast!! And inventory is being absorbed!

 

Want to know how your city, area code or subdivision or area is doing? Send me an email… at richard@richardbazinet.com   and get your report.

 

SEARCH ‘ALL’ METRO PHOENIX SCOTTSDALE HOMES FOR SALE

 

SEARCH ALL METRO PHOENIX SCOTTSDALE HOMES FOR SALE BY MAP

 

SEARCH SCOTTSDALE HOMES FOR SALE

 

SEARCH PARADISE VALLEY HOMES FOR SALE

 

SEARCH ARCADIA HOMES FOR SALE

 

SEARCH PHOENIX HOMES FOR SALE

 

 

SEARCH FOUNTAIN HILLS HOMES FOR SALE

 

SEARCH RIO VERDE HOMES FOR SALE

 

SEARCH CAVE CREEK & CAREFREE HOMES FOR SALE

 

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This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.