The Scottsdale real estate market continues to grow, but is showing signs of cooling. In March 2025, Scottsdale saw an 11% increase in average home prices, reaching around $1.72 million and the median at approximately $1.285 million, up 14.7% year-over-year. Homes are averaging about 84 days on market, slightly higher than last year’s 71 days.
City-wide in Phoenix and across Arizona, inventory is surging. Active listings in the Phoenix metro have soared around 47% year-over-year, with over 26,500 homes available as of June 2025. Many of these homes are “stale,” with nearly 47% on the market for 60 days or more. With inventory growing, price reductions are becoming common, June saw the highest percentage of price cuts since 2016, affecting roughly 21% of listings, while median prices remain flat or declining slightly (~0–2.6%)
This influx of homes and protracted listing times is shifting power toward buyers. The Cromford Market Index for Phoenix dropped to 73, denoting a clear tilt in negotiator power Experts are forecasting modest price corrections, up to 1–5%, by year’s end, absent significant shifts in mortgage rates .
Luxury continues to buck this trend. In Scottsdale, high-end properties remain strong: $3M+ and $5M+ homes are selling briskly, sometimes within 30 days . Builders are attracting buyers with rate buydowns (as low as 4.99%) to offset mortgage rates nearing 7% .
In summary, Scottsdale is still posting double-digit annual price gains, yet sales are taking longer and selection is greater. In Phoenix and statewide, rising inventory, growing price cuts, and extended days-on-market are strengthening buyer leverage. For those looking to buy, it's an opportune moment; for sellers, strategic pricing, staging, and fresh marketing are essential.
Works Cited:
Reddit+5Sweep Phoenix AZ Homes+5Im Home Arizona+5.
metrophoenixhomes.com+15dgpaz.com+15kallhoffteam.com+15.
