June 2026
Scottsdale’s real estate market remained one of the strongest in the Phoenix Metro area during June. Home values continued to appreciate despite elevated mortgage rates, while inventory tightened across both the sales and rental markets. Although homes are taking slightly longer to sell and lease than they did a year ago, demand remains strong for well-priced properties in one of Arizona’s most desirable communities.
Sales Market Highlights
- Active Listings: 2,110 (11.0% decrease YoY)
- Median Sold Price: $438.36 per SF (3.9% increase YoY)
- Average Days on Market: 68 days (6.3% increase YoY)
- 30-Year Mortgage Rate: 6.49%
Scottsdale’s housing inventory declined significantly compared to last year, giving buyers fewer choices while supporting continued price appreciation. The median sold price per square foot climbed nearly 4%, demonstrating the city’s resilience and ongoing demand for luxury and move-up homes. While homes are taking slightly longer to sell than they did in June 2025, the market remains healthy and competitive.
Rental Market Highlights
- Active Rental Listings: 731 (18.6% decrease YoY)
- Median Rent: $1.83 per SF (2.2% increase YoY)
- Median Days on Market: 40 days (13.8% increase YoY)
Scottsdale’s rental market continues to favor property owners. Rental inventory fell nearly 19% compared to last year while rents increased, reflecting continued demand for high-quality rental homes. Leasing times have lengthened modestly, but rental properties continue to attract strong interest, particularly in desirable neighborhoods and luxury communities.
Key Takeaways
- 📉 Home inventory declined 11.0% compared to last year.
- 📈 Median sold price increased 3.9%, highlighting Scottsdale’s continued appreciation.
- ⏳ Homes averaged 68 days on market, 6.3% longer than last year.
- 💰 Mortgage rates remained relatively stable at 6.49%.
- 🔑 Rental inventory declined 18.6%, creating a tighter rental market.
- 💵 Median rent increased 2.2% year over year to $1.83 per square foot.
- 🏠 Rental homes leased in a median of 40 days, reflecting continued tenant demand despite a modest increase in leasing time.
Overall Outlook
Scottsdale continues to stand out as one of the premier real estate markets in Arizona. Rising home values, declining inventory, and increasing rental rates demonstrate the area’s enduring appeal to homeowners, investors, and renters alike. While elevated mortgage rates and slightly longer marketing times have created a more balanced market than in recent years, demand remains strong across both the sales and rental sectors. As the second half of 2026 unfolds, Scottsdale remains well positioned for long-term appreciation and continued investment opportunities.