Scottsdale AZ Real Estate Housing Market Report - June 2021
The days on market have decreased, or remained the same for five straight months (every month this year since January), and it decreased again in June to a new all-time low of 35 DOM.
The number of new Scottsdale listings decreased for the second straight month, down from a high of 739 in April to 639 in June, but they are still 20.3% higher than in June of last year. The number of active listings decreased slightly this month from 1,285, to 1,278, and are still down -31.6% from June of last year.
The lack of listings continues to drive demand and home prices higher, so if the number of active Scottsdale homes for sale continues to be less than in previous years, expect home values to continue to increase.
With that said, median home values in Scottsdale have increased an average of 38.0% since June of 2020, which is amazing. With interest rates dropping below 3.0% again, there will still be more buyers looking to purchase a Scottsdale home in 2021.
For more detailed stats on the Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.