Scottsdale Arizona Real Estate Market Update for April 2021

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Welcome to April’s Market Update. Joyce, your trusted real estate agent, thought you’d find this information helpful and is ready to answer any questions about the local market.

Let’s take a look at residential real estate activity in Scottsdale, Arizona area during the month of April 2021.

The number of active listings was down 182% from one year earlier and down 3% from the previous month.

As you can see, the median listing price for the month was just under $1.5 million.

Compared to last year, the average number of days that units spent on the market before being sold, was down 55%. This lower number of days may signal a positive trend in the local inventory turnover rate.

The median sale price was $875,000.

The number of units sold increased by 94% year-over-year and held steady month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market.

Thanks for watching. We hope that you found this video helpful as you gather more information to make smart, informed real estate decisions.

For more Scottsdale AZ real estate information or if you have any questions, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

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