We are seeing the increase in Sedona home prices across the board. Whats driving it? Interest rates aren’t likely to go down anytime soon and it looks like they will continue to go up. Even if you’re a cash buyer, the market price can be driven up by the buyer who needs a low interest mortgage.
- The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
- Anything under a 6-month supply is a Seller’s Market!
- There has not been a 6-months inventory supply since August 2012!
- Buyer Demand continues to outpace Seller Supply!
How long does it take to sell a house? The statistic that reflects this is called the absorption rate.
Absorption rate is the rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the
number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.
This chart represents the current absorption rate for residential homes in Sedona Arizona. The chart updates automatically.
Here you’ll find videos of the local Real Estate market in our area. These are for January 2015.
(Automatically updated Market Update Page)
January 2015 Sedona Real Estate Market Update (condominiums and townhomes)
Here you’ll find videos of the local Real Estate market in our area. These are for December 2014. We will be compiling videos for each month from now on.
December 2014 Sedona Real Estate Market Update (condominiums and townhomes)
December 2014 Sedona – Village of Oak Creek Real Estate Market Update (single family homes) This video is for the Village of Oak Creek and Big Park areas only. Zip code 86351.
Here’s the statistics for November 2014 home sales. These included all home types from single family to condo to mobile home. The video is a new item for us and will have the December 2014 video on real estate sales out in a few days.
Here’s the home sales stats we pulled. This is only for homes with a Sedona address. In pdf format.
Instead of going for larger homes, which was an overwhelming trend in years past, many people are choosing micro-dwellings.