Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Arizona Leads Nation in Homeownership Growth
AZ Business Magazine, October 19, 2020
Arizona is adding homeowners faster than any state in the nation, a sign of continued growing economic momentum in the state. The state’s quarter-over-quarter homeowner rate change increased by 7.7 percentage points in Q2 2020, according to data from the U.S. Census Bureau, the best in the nation.
Home Prices Up 14%, But Will Price Growth Wane Soon?
AZ Business Magazine, October 8, 2020
The median home sale price increased 14% year over year to $319,769—the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 14% jump was the largest since August 2013. Since the four-week period ending July 5, home prices have increased 6.5%. Over that same period in 2018 and 2019, prices declined an average of 4.2%
The Real Estate Market Has Good News for 2021
Momentum Makers, October 2020
During this unprecedented time in history, the housing market has become the backbone of the economic recovery in the U.S. But the truth is the housing market has been doing very well the last few years and was already projected to be steady in the upcoming years. Due to the COVID-19 pandemic, the U.S. economy was purposely paused throughout the spring months, which forced a short pause in our traditionally busy time in the housing market and caused concern for the industry as a whole. Fortunately, once shelter-in-place orders were lifted across the country, home shoppers jumped back in the market to purchase homes. The traditional home buying ramp up in the spring and summer months was delayed, so we are now seeing more and more people enter the market this fall season.
Home Sales Hit 2006 Levels, ‘Continue to Amaze’
Realtor Magazine, September 22, 2020
Home sales climbed in August to the likes of the 2006 housing boom days, despite the COVID-19 pandemic. Existing-home sales in each of the four major regions of the U.S. saw month-over-month and annual growth, the National Association of REALTORS® reported on Tuesday. The Northeast saw the largest monthly improvement in home sales.
Housing inventories continue to remain tight, putting upward pressure on home prices. Existing-home prices for all housing types in August climbed 11.4% compared to a year ago, reaching a median of $310,600. Prices rose in every region of the U.S. last month.
Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Phoenix and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Scottsdale real estate market trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats and trends.
Please call Carmen Brodeur at (602) 791-0536 with any questions.