Market Action is a proprietary Altos Research statistic that tracks where the market. Tilted to the buyer or the seller. Index under 30 indicated a buyer’s market.
From the chart for single family home activity, it’s easy to see that we have been stagnated in a buyer’s market for over a year, and that since spring, we have not seen any real improvement or degradation in the market.
In this chart, you’ll see that market activity in South Scottsdale (85257) is greater than midtown (85250), further north (85260), and in far North Scottsdale (85262). This is to be expected, as prices in the south part of town are more affordable to a greater number of buyers.
For more information on the price, size, and age of homes in Scottsdale, relative to location, see: Scottsdale Real Estate: Does Size matter? Age? Location?
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