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The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of September 2018
Market status: We are still a tight market with very low inventory. Even with a sales decreased in numbers for September – it’s the normal seasonality, it’s still HOT for both Sellers AND Buyers. It’s a great time to buy and sell. And in some price points under $450,000, it’s becoming increasingly difficult to find some homes!
The biggest market problem right now: overall lack of inventory.
 
‘If you are planning to sell or buy – you need to consult with me ASAP for the best approach.
 
September 2018 Dollar Value of Homes Sold:  Up 1.4 % from a year ago. Down 16% from last month. This is normal for September – the seasonality of the year.
September 2018 Closed Sales: Down 6% from last year, down 15% from last month.
September 2018 Average Home Price Sold:  Up 7.7% active median at about $335,000, up 2% from last month. But the median sold price is down to $260,000 which now shows pressure on pricing.
 
WHAT’S YOUR HOME REALLY WORTH?
 
September 2018 Average Days On The Market: Up to 61 days, that’s the issue here: homes are still selling fast – but somewhat a tad slower.
September 2018 Discount price: About 3% or so. You see what’s going on here? Sellers have ‘the’ edge, but buyers can still buy with a small ... more

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