Home sales in Scottsdale saw a decrease in March, but Phoenix Realtors data still shows bright spots for both availability and home prices.
This comes against the backdrop of robust existing-home sales across the United States, which last month exceeded economists’ expectations and marked the largest monthly gain in a year – reinforcing recent rebound and buyer demand trends, according to a press release.
“With dropping interest rates and an increased supply of listings, realtors are still optimistic that this year will be better than 2023,” Sheryl Bowden, president of Phoenix Realtors, said in the release. “Even with closed sales dipping slightly in March, home prices and availability still show respectable gains.”
