What is the North Scottsdale real estate market like in July 2026? The North Scottsdale market is stable and improving. Inventory is tighter than a year ago, closed sales are up and homes are more affordable in real terms even though prices look flat on paper.
If you have been watching the market from the sidelines wondering whether now is the right time to buy or sell in North Scottsdale, here is the honest picture. Nothing about this market is flashy right now, and that is actually good news. After a few unpredictable years, we finally have a market that is behaving the way a healthy market should.
Here is what is happening and what it means for you.
Inventory Is Tighter, Which Works in Sellers’ Favor
Active listings across the Valley are down compared to both last month and last July. That matters more than it might sound like on the surface. Less competition on the market means the homes that are listed right now get more attention from serious buyers.
This is especially true at the higher price points here in North Scottsdale. Many luxury sellers pause during the hottest summer months and wait to relist in late September once the weather cools and buyers are back out looking. That means sellers who list now, before that fall rush, have a window with noticeably less competition than they will have in a couple of months.
If you have been thinking about listing your North Scottsdale home in Troon, DC Ranch, Silverleaf or a nearby community, this is worth a real conversation.
Buyers Are Choosing Resale Homes Over New Construction
One of the more interesting shifts this year is how buyers are voting with their wallets. New home closings across Maricopa County are down more than 20% year over year, while resale closings are up over 12%. New construction’s share of the overall market has dropped from about 21% a year ago to under 16% today.
Builders have responded by softening prices on new homes, with new home median prices down over 3% from last year even as resale prices ticked up slightly. For buyers, that shift creates two real opportunities. If you have your heart set on new construction, there is more room to negotiate with builders sitting on standing inventory. And if you prefer an established home in an established North Scottsdale neighborhood, you are competing against fewer buyers chasing the same resale inventory than builders would like you to think.
Prices Look Flat, But Homes Are Actually More Affordable
The median sales price across the market barely moved this year, up just over 1% from last July. On paper that might look like a market going nowhere. But that number does not tell the whole story.
Inflation is currently running above 4%. When home prices stay roughly flat while everything else, including wages, adjusts for inflation, homes become meaningfully more affordable in real terms. If you have been waiting for a dramatic price drop before making a move, it is worth asking whether that wait is actually costing you more than it is saving you.
A quick data snapshot: Closed listings for the month were up more than 9% compared to last year, and the average price per square foot rose 3.2% year over year while the median sales price stayed essentially flat.
A Market That Is Healthy, Even If It Is Not Exciting
Every major indicator, from days on market to sales rate to closed sale percentage of list price, points in the same direction: this market is in better shape than it was a year ago. It is not a frenzy, and it does not need to be. Slow, steady improvement is exactly what a market coming back into balance should look like.
For North Scottsdale specifically, that means sellers have a real window of opportunity before the fall listing rush, and buyers have more negotiating power on new construction along with a genuine affordability argument even without falling prices.
Frequently Asked Questions
Is now a good time to sell a home in North Scottsdale? Inventory is currently lower than it was a year ago and lower than last month, particularly among luxury listings. Sellers who list before the typical September relist rush face less competition than they will later in the fall.
Are home prices dropping in North Scottsdale? Nominal prices are essentially flat year over year. However, with inflation running above 4%, homes are becoming more affordable in real terms even without a nominal price decline.
Should I buy new construction or a resale home right now? Resale homes are outperforming new construction this year, with new home sales down more than 20% year over year across Maricopa County. Builders have responded with softer pricing, so buyers open to new construction may find more room to negotiate.
Ready to Talk North Scottsdale Real Estate?
Whether you are thinking about listing your home before the fall rush or you are ready to start looking in Troon, DC Ranch, Silverleaf, Mirabel, Grayhawk or McDowell Mountain Ranch, Lisa would love to help you make sense of what this market means for your specific situation. Reach out anytime to start the conversation.
