In Scottsdale and surrounding Maricopa county cities in Arizona the market has shifted. According to The Cromford Report, the listing success rate has fallen. This means Seller’s could have been trying to achieve a higher sold price that did not happen. Plus, the inventory in AZMLS has increased from 4,000 to over 12,000 units.
Sited from The Cromford Report, “More homes are being listed for sale than at any time since 2011.”
During periods of inflation, buying a home can offer a way to stabilize housing costs for decades to come.