The month of April saw the Sedona real estate market experience less than half the number of home sales as April of last year.
Sedona has seen an decrease of 8.4 percent in the number of homes sold in 2020 when compared to 2019.
The average home sales price has seen an increase of 14.7 percent for 2020 over last year.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market during 2020 has jumped to 165 days from 114 in 2019.
Here is an infographic with the breakdown of how the Sedona Real Estate Market has done during 2020.
Sedona 2020 Home Sales
2020 has seen 175 home sales in Sedona which is a 8.4 percent decrease when compared to the homes sales of 2019.
Homes under $500,000 made up 35.4 percent of sales, with homes priced between $500,000 and $999,999 accounting for 54.3 percent of sales. Homes priced over $1,000,000 came in at 10.3 percent.
Sedona 2020 Home Sale Prices
The average home sale price, $673,168, in Sedona has experienced an increase of 14.7 percent when compared to 2019.
Meanwhile, the median home sale price, $555,000, up 11.2 percent during the same time period.
Sedona 2020 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona remains neutral as the inventory for the year is at 5.6 months. The number of new listings (251) for 2020 is 18.8 percent below those seen last year.
A neutral market is 6 months of inventory with numbers above 6 months indicating a buyer’s market (more supply of homes than the demand) and numbers below 6 months, a seller’s market (more homes in demand than homes available on the market).
For more information on how these numbers affected you or for a specific neighborhood, contact me for free information.
Sedona Current Listings
Internet Data Exchange (IDX) listings provided by Sedona Verde Valley Association of REALTORS® (SVVAR) MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.
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