The inventory of homes in Scottsdale and Paradise Valley is shrinking dramatically this quarter. The days on market is correspondingly shrinking. Below is a great chart which shows how the days inventory is at its lowest level since the Bubble of 2004-2005. This chart is from the Cromford Report which is a highly respected real estate statistical firm in the Valley.
The Phoenix, Paradise Valley and Scottsdale real estate markets are definitely shifting. For more information about the trends in the Paradise Valley real estate market please visit my website. I specialize in Scottsdale and Paradise Valley homes for sale. I would be pleased to discuss current market conditions with you or personally show you any PV or Scottsdale homes.
Contact me directly at (800) 300-0263. I look forward to speaking with you.