Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Here’s How the Pandemic Changed Home Buying
AZ Business Magazine, March 5, 2025
The housing market of today looks remarkably different from the market five years ago, just before the COVID-19 outbreak was declared a global pandemic in March 2020 – a pandemic that changed home buying forever. Since then, home values and rents have surged to record highs, the number of $1 million homes has more than doubled, and both what buyers want in a home and how they shop for one have changed, perhaps permanently.
2025 Housing Forcast: Will There be a Trump Bump?
AZ Business Magazine, December 30, 2024
Broader economic factors are expected to have a larger impact on the housing market than potential new federal policies in 2025, according to the Realtor.com® 2025 Housing Forecast released today. Realtor.com®‘s forecast predicts home sale prices will grow by 3.7%, mortgage rates will stay above 6% and rents will remain virtually unchanged (-0.1%). Growth in inventory with single family home starts is expected to grow 13.8% and existing for-sale home inventory is expected to grow by 11.7%, which will help bring the first balanced market in nine years.
Phoenix Housing Market Sees Surge in November
AZ Big Media, December 17, 2024
Closed residential sales in greater Phoenix housing market sees surge in November rose nearly 14% in November compared to last year, with listings climbing 13.5% over the majority of 2024, according to Phoenix REALTORS® data.
“More than 4,000 families claimed their next homes in November. It’s an encouraging statistic,” said Sheryl Bowden, board president of Phoenix REALTORS. “With the lower interest rates and the increase in housing choices, buyers have much more opportunity than just a few months ago.”
NAR Thinks Phoenix Will be a ‘Housing Hot Spot’ in 2025
Emily Marek, Phoenix Agent Magazine, December 12, 2024
The National Association of REALTORS® (NAR) released its predictions for the real estate industry in the upcoming year, which includes a forecast of the top 10 housing hot spots for 2025. The Phoenix metropolitan area is one of those hot spots, according to the association’s recent report.
There are 10 factors that influence this prediction, NAR said. Firstly, the markets identified as potential hotspots have fewer locked-in homeowners. In a high mortgage rate environment, buyers with low rates are less likely to sell — but in markets where fewer homeowners are “locked in” to sweetheart rates, there’s a higher likelihood of increased inventory for buyers.
Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Phoenix and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Scottsdale real estate market trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats and trends.
Please call Carmen Brodeur at (602) 791-0536 with any questions.
Voted in the Top 3 Realtors in Arizona, by the readers of Ranking Arizona Magazine, 2015-2023. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
