September 23rd - Listing Your Home In Scottsdale Market Update

A chart showing the listing success rate in the city of Scottsdale

Episode Transcript

Welcome back to a another episode of Market Updates with AZDigest.com. In this episode, we're going to dive into one particular unique stat for Scottsdale. So if you hadn't heard our previous episode this week, we did kind of a total market recap. We talked about some things you should do if you're buying a home in Arizona. In this episode really quickly, I wanted to showcase this stat called "listing success rate". So the rate at which when a listing hits the market, what percentage is it successfully sold. Right now in Scottsdale, the listing success rate is above 80%. Which is fantastic. And this time, last quarter, so in June, the listing success rate was about 75%. That's the same for last year, and about two years ago is about 70%. So if you have a home in Scottsdale that you're looking to sell, just know that there's a high probability that, if you price it right, that home is going to fly off the shelves. Now, if you're looking to buy a home in Scottsdale, this means it can be a little bit tough. Like we've talked about that in previous episodes. It is 100% a seller's market right now. And so if you're looking to buy a home, it's pretty competitive. And as you can see, most properties that hit the market and selling. So just an interesting stat for the city of Scottsdale. We're going to do more of these kind of city specific stat breakdowns moving forward. But as always, if you're listening to the podcast, you can click the link in the show notes and see the chart we're talking about, watch the video, and view the blog post. So as always, guys, visit azdigest.com to start your home search. You can search wihtout registering. And don't hesitate to reach out if we can help you buy or sell a home in the Arizona or Phoenix metro area. Thanks everybody. Talk to you soon.

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