More people closed on single-family homes so far this year than in the same 10-month period last year in both the Valley as a whole though Scottsdale’s real estate market is flourishing this year, according to data from Phoenix REALTORS.
Closed sales rose 0.8% through October in the Valley. However, closed deals last month plummeted 17.9% compared to a year earlier.
Pending sales slipped 4% year to date, and new listings were down 2.2% compared to the same period last year. In October alone, pending deals fell 45.9%, and new listings slumped 9% compared to last year.
