Phoenix and Scottsdale Real Estate Market Snapshot

Here is a quick snapshot of the current Phoenix and Scottsdale real estate market as of February 2012:

 

Active inventory of homes for sale was 23,732, a 41% decrease from February 2011.

Closings of homes sold were 7,276 closings in February 2012, 1% above February 2011.

Months of Inventory was 3.3, down from 5.6 in February 2011.

Median price of sold homes was $122,000 for the month of February 2012, up 11% from February 2011.

 

As inventory decreases and sales increase, the prices of Scottsdale homes are starting to creep up. This is especially true under $400,000 category in 85255 and 85262. Call me at (602) 791-0536 to schedule an appointment to view Scottsdale homes for sale.

 

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com