The charts are still showing inventory on the way down. That’s about to turn.
In every year except 2010 there were more listings added in October than in September. So as the new month starts expect to see an increase in new listings.
Number of Scottsdale listings added to Arizona Regional Multiple Listing Service.
In September and October 2011 there were 598 and 563 closed transactions for Scottsdale. In September this year we had 562.Current active inventory inventory should rise from it’s position at 1,909. I would predict number of active listings to rise by about 300 or so by Halloween.
That will mean more choice for buyers and more competition for sellers.