Scottsdale remains the strongest housing market among 18 Phoenix-area communities despite a regional slowdown. Its market index was 144.2, indicating a sellers' market, though down 9% from the prior month. Median home prices rose 4.3% to $1.2 million, with closed sales up 2.2%, but pending sales dropped 40.2%. Inventory is limited, supporting prices, but buyer demand is weakening, increasing concessions and buyer leverage.
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