Hey everybody, welcome back to a another episode of Market Updates with AZ Digest. As always, guys, you can find the notes and blog posts around these episodes on AZDigest.com. You can also search for a home without registering on there. You can find the market updates podcast, basically anywhere you can get podcasts from Spotify to Apple podcasts to Google Play, so please like and subscribe. Today we're going to talk about the Scottsdale real estate market and give an update on two stats that are affecting you if you're looking to buy or sell in the Scottsdale area. So the first number we're going to talk about is active listings. Active listings in Scottsdale is that number is up. It's up to 922 current active listings in Scottsdale, which is up from about 850 this time last month. So as we've talked about in the past, more listings is better for buyers. And if you're looking to sell, right, if there's more listings, more competition, that's not always the greatest thing. So if you're a buyer, and you've been dealing with a ton of the competition, more listings, more active listings in your market is certainly helpful. The other number, because ultimately, sales has been pretty steady. So sales per month is another stat we look at and in comparison to active listings, and sales per month has been pretty steady. But just that simple bump in active listings has affected this next stat. So the next stat we're gonna talk about is month supply. And so last month Scottsdale month supply was 2.2. This month, it's 2.4. And that is again, a simple direct reflection of that increase in active listings. So month supply means if we have no new listings hit the market today. How long is it going to take us to sell out of our supply. We are at 2.4 as of today, and we are at 2.2 this time last month. So again, if you're a buyer, you'll want this to see this number go up. That means there's more competition, it's not quite as crazy. We are still 100% in a seller's market. But the higher that number goes, the better it is for you. If you're looking to sell your house, you want less competition, right? We want you know more buyers getting packed into these homes like what we're seeing right now. And so you want this number to stay as low as possible. Because I hope those two numbers and those two metrics were helpful for you. As always, please subscribe market updates with AZDigest.com and please check us out on Instagram as well. @azcorconsultants. We'll catch you next time.
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