10/13/2026
Scottsdale number: Six weeks of narrowing down to $7,000, then back out to $101,000, and now new listings arriving at $1,350,000 against a $1,300,000 median, which puts them $50,000 above the standing market for the first time since I started this. A $151,000 swing in seven days. A weekly median of whatever happened to list that week is a small sample and it behaves like one. What is not noise is the rest of the Scottsdale page, and it is the more interesting half anyway. Inventory built a third straight week to 1,350, up 231 homes across three weeks. Price per square foot reached $492, the highest this series has recorded, after sitting at exactly $485 for four straight weeks in the summer. Days on market fell to 112. More homes arriving, prices firming and homes moving faster is not the combination most people expect from a building market, and that is worth watching far more than the gap is. Flagstaff did something I have not seen it do, which is nothing at all. Median list $875,000 for a sixth print, new listings $750,000, and the gap between them $125,000, all three identical to last week to the dollar. Only price per square foot moved, down four dollars to $387, with inventory easing to 367 and days on market at 120. Paradise Valley held its direction for once, new listings above the standing median a second week running at $7,995,000 against $5,872,500, though that gap narrowed by about $477,000. Price per square foot there is $1,037, a fourth straight reading above a thousand dollars and another high. Full breakdown in the slides. 📊
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