MAY 2014 RESULTS Active br1m Scottsdale Homes for Sale : We saw a second month of falling inventory

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By Heather Tawes Nelson on June 2, 2014 in Scottsdale AZ real estate , Scottsdale Home Prices , Scottsdale Home Sales Data , Scottsdale Homes for Sale , Scottsdale Real Estate Market - Scottsdale Homes for Sale and Home Sales in May 2014 -
SCOTTSDALE HOME SALES ACTIVITY br1m MAY 2014 Below is a chart showing the previous year of Scottsdale real estate activity . Included is data on the current inventory of homes for sale as well as pending sales and May home sales.
MAY 2014 RESULTS Active br1m Scottsdale Homes for Sale : We saw a second month of falling inventory in Scottsdale, which is a good thing. Some of this can be attributed to home sales, but also many homeowners take their homes off of the market in the off-season. This number will most likely rebound toward the end of the year in anticipation of the upcoming high season. Pending Homes Sales in Scottsdale : Pending sales at the end of May we down slightly to 368. This is above the 12 month average of 334 pending sales. May Home Sales in Scottsdale : 432 homes sold over the course of May. This is down about 6% off of April, but is still quite strong. It is also ahead of the 12 month average of 381 home sales.
The lower section looks at what homes are selling for in comparison to what they were listed for. Or, another way to look at it is how much of a discount on average buyers saw. In May, the average discount off of asking br1m was 4.6%.
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