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

 

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

 

June 2018 Dollar Value of Homes Sold:  WOW! up 5% from a year ago.Down 9% from last month. This is normal for June.

June 2018 Closed Sales: Down 3% from last year,down 10% from last month.

June 2018 Average Home Price Sold:  Up 10% from last year to $305,000, up 1% from last month.

 

WHAT’S YOUR HOME REALLY WORTH?

 

June 2018 Average Days On The Market: Down to 60 days, homes are selling fast – and faster than last month.

June 2018 Discount price: About 2.5%. 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.

June 2018 Market Numbers: 15,9080 active listings on the market (very, very, very low!!!), 8.600 new contracts, and about 8,920 sold in the last 30 days. An incredibly very low inventory! And strong sales! The market is red hot!!!

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

June 2018 The Total County Absorption Rate: down to 2.4 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

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.