Check this out! The chart above shows the number of months supply of inventory available by price range for each of the past three quarters.
Pretty dramatic drops in all price ranges. A few blips for first quarter results, but all down comparatively in the second quarter of this year.
Here’s the data chart corresponding to the chart above, showing the specific number of months supply for each price range, by quarter:
In the almost all price ranges, with the exception of $250,000-500,000 and $2-3M, MSI is down by almost 50% in a six month period. Pretty amazing.
More on the local Scottsdale housing market:
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