Market Snapshot
A written read on your specific neighborhood and price band, not a citywide headline.
A market snapshot from The Shackelton Group is a written report on one neighborhood and one price band, covering active inventory, closed sales, months of supply, days on market and the list to sale price ratio. It is prepared on request rather than published as a static page, because Greater Phoenix numbers move monthly and a stale figure on a website is worse than no figure at all. Request one at 480.734.7277 and it is typically returned within one business day.
What is in a market snapshot?
| Active inventory | How many homes are currently competing with yours, by price band |
|---|---|
| Closed sales | What actually sold in the last 3, 6 and 12 months, with concessions where disclosed |
| Months of supply | Inventory divided by monthly absorption. Under 4 months favors sellers, over 6 favors buyers |
| Days on market | Median and average for your subdivision and band, not the citywide figure |
| List to sale ratio | What percentage of asking price homes are actually getting |
| Price direction | Whether the last two quarters moved up, down or sideways in your specific segment |
| Turnaround | Typically one business day |
Why not publish the numbers on this page?
Because a number published in one month and read in another is misleading, and because a citywide median tells a Silverleaf owner and an Old Town condo owner two things that are both wrong. Scottsdale spans roughly 184 square miles and a very wide price range, and the submarkets do not move together. A snapshot that is worth acting on has to be scoped to your subdivision and your band.
How do I read months of supply?
Months of supply is the single most useful number in the report. Divide active inventory by the average number of monthly closings in that segment. Under about four months, sellers hold pricing power and homes move quickly. Between four and six months is roughly balanced. Above six months, buyers set terms and overpriced homes sit. That figure, for your band, tells you more than any headline about the Phoenix market.
Who should request one?
- Owners considering a sale in the next 3 to 18 months
- Buyers deciding between two neighborhoods
- Anyone deciding whether to remodel now or sell as is
- Owners of investment property evaluating a hold or sell decision
Neighborhood
Frequently asked questions
Is the Phoenix housing market up or down right now?
The answer differs by submarket and price band, which is why a single citywide answer is not useful for a decision. Request a snapshot for your specific neighborhood and band, and you will get the current direction with the data behind it.
What is a balanced real estate market?
Roughly four to six months of supply. Below four months, sellers generally hold pricing power. Above six months, buyers generally set terms. The figure should be measured for your specific segment, not the metro as a whole.
How much does a market snapshot cost?
Nothing. There is no cost and no obligation, and many owners request one a year or more ahead of a possible sale.
How often should I request an updated snapshot?
Quarterly is sufficient for planning purposes, and monthly if you are actively preparing to list or actively shopping.
Request your market snapshot
Send the neighborhood or address and your price band. Returned within one business day.
This form prepares an email draft. Send it from your email app to deliver your inquiry, or call 480.734.7277.