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
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260