Scottsdale, AZ housing market

Scottsdale home values are up this year, yet homes here are sitting about seventy-four days before they sell. If you own a home in Scottsdale and you are thinking about selling, that gap between rising prices and slow sales is the whole story. The typical Scottsdale home is now worth about eight hundred eighty-one thousand dollars, up about four and a half percent from a year ago. That is real appreciation. But look at how homes are actually moving. There are about one thousand eight hundred homes for sale right now, and roughly 590 new listings hit the market in the past month. Buyers have plenty to look at, and they are taking their time, with homes spending seventy-four days on the market. Here is the tell. Nearly 22 percent of active listings have already cut their price, more than one in five. And the median asking price is roughly nine hundred fifty-six thousand dollars, about seventy-five thousand dollars above what the typical home is actually worth. Sellers are still pricing for a faster market than the one we have. So if you sell this fall, price from the value, not from the wish. A Scottsdale home priced near that eight hundred eighty-one thousand dollars reality can still sell into a rising market, while one priced at the dream number sits, then cuts. To see where your home fits in today's Scottsdale market, get a free home value estimate at Home Value Pros dot com.