The month of March for the Sedona real estate market saw an increase in the number of homes coming on the market over last year.
The number of homes that sold for over a million dollars is double the percentage of the market that Sedona has seen from previous years.
Sedona has seen an increase of 8.8 percent in the number of homes sold in 2021 when compared to 2020.
The average home sales price has seen an increase of 49.7 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 103 days from 177 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 160 home sales in Sedona which is a 8.8 percent increase when compared to the homes sales of 2020.
Homes under $500,000 made up 15.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 58.7 percent of sales. Homes priced over $1,000,000 came in at 26.3 percent.
Sedona 2021 Home Sale Prices
The average home sale price, $949,100, in Sedona has experienced an increase of 49.7 percent when compared to 2020.
Meanwhile, the median home sale price, $748,000, up 36.2 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 3.0 months. The number of new listings (180) for 2021 is 2.7 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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