Scottsdale Market Trends

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Maricopa County Market Trends

The overall prices of homes in Scottsdale and Phoenix are softening as interest rates rise. The inventory of homes for sale is also rising which gives Buyers more options to choose from. It is becoming a more balanced market between Buyers and Sellers in 2023. In the second quarter of 2023, the median sales price for homes in Maricopa County is down 8.1 percent from last year, and the average sales price is down 4.5 percent.

 

For more information on the current market trends in Phoenix and Scottsdale check out recent articles, or contact Carmen Brodeur at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com.