Scottsdale Homes in No Danger of Overvaluation

A recent report by the National Association of Realtors rated Scottsdale homes some of the hottest on the national metropolitan real estate market. But does this mean that Scottsdale homes are in danger of becoming overvalued?

Although the median price of Scottsdale homes has risen 47 percent, Kym Adair, Membership and Marketing Director of the Tucson Association of Realtors, says that the increases in housing prices is in response to a changing local economy and population.

Low supply and high demand contribute to dramatic price increases in Scottsdale homes, but according to Kym and Inside Tucson Business, "At some point, the prices will level off again."