I remember two or three years ago working with some Scottsdale home buyers that were making full-price offers on properties and still losing out. I lost some of these frustrated buyers who decided to wait until the market slowed down.
That time is now here. Scottsdale home sales are down from last year. In some areas, there is double the inventory available. Although it doesn't seem to have affected prices yet, I am seeing a price reduction trend from current listings that have not sold, some having been listed for months.
This is bad news for home sellers in Scottsdale and other places in the Valley, but if you're thinking of buying this might be the time to do it. Not only are we seeing a general downturn from the record years we had witnessed,…
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