Available housing inventory has increased in both Scottsdale and Paradise Valley over the past 60 days. There are 260 active listings currently in PV (all price points) and 2441 in Scottsdale. While PV is moving into balance (with a slight seller’s advantage at some price points), Scottsdale remains in a weak sellers market. Inventory in Scottsdale, though it has increased slightly, remains low enough that the market still slightly favors sellers.
Scottsdale under 2M
Up to $2M, there 2442 active listings which have been on the market an average of 108 days–up from 95 days about two months ago. There are 497 homes under contract and there are 135 “coming soon” listings. During the month of January 2026, there were 476 closed sales with an average days on market of 101 and an average sold price per square foot of $512.
The chart below shows how the sold price per square foot has changed:
Scottsdale Luxury
Above $2M, there are 688 active listings in Scottsdale which have been on the market for an average of 142 days. There are 187 properties under contract and 34 “coming soon” listings. From January 1, 2026 to January 31, there were 110 closed sales. The average days on market for closed sales was 125 and the average sold price per square foot was $848.
PV Luxe
Though inventory has increased some over the past month, the past few weeks have been relatively stable. There are currently 224 active listings priced at $2M or higher. The active listings have been on the market for an average of 118 days. There have been 22 closed sales in the past month and during that time, the average list to sale price ratio was .95. This does not mean that all sellers will accept a 5% reduction in price, but in many cases, there is at least some room for negotiation.
The slight seller’s advantage looks like it is disappearing and PV is in fact moving into balance.
Market Summary
Though Scottsdale remains in a seller’s market, Paradise Valley shows signs of moving the other direction. There is still buyer demand in both markets, but mortgage rates continue to put a damper on sales. I expect more inventory to hit the market over the next month or two before we see the typical summer slow down. For home sellers, it is still critical to not only price correctly, but to have the home is as good of condition as possible–with more inventory available, buyers have options. For home buyers, it is important to understand what demand might be for the home you are considering and then bid accordingly–not all neighborhoods/areas are fairing the same.
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