The Sedona real estate market saw a drip in home sales during the month of August when compared to last year.
When comparing the number of sales to 2019 though, the numbers were almost identical.
Despite this decrease in home sales, the inventory of available homes for sale remained almost the same.
Sedona has seen an increase of 19.6 percent in the number of homes sold in 2021 when compared to 2020.
The average home sales price has seen an increase of 44.7 percent for 2021 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 2021 has dropped to 90 days from 157 in 2020.
Here is an infographic with the breakdown of how the Sedona Real Estate Market has done during 2021.
Sedona 2021 Home Sales
2021 has seen 519 home sales in Sedona which is a 19.6 percent increase when compared to the homes sales of 2020.
Homes under $500,000 made up 13.5 percent of sales, with homes priced between $500,000 and $999,999 accounting for 58.0 percent of sales. Homes priced over $1,000,000 came in at 28.5 percent.
Sedona 2021 Home Sale Prices
The average home sale price, $984,091, in Sedona has experienced an increase of 44.7 percent when compared to 2020.
Meanwhile, the median home sale price, $760,000, up 34.5 percent during the same time period.
Sedona 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona is extremely low as the inventory for the year is at 2.5 months. The number of new listings (569) for 2021 is 6.2 percent above 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
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