The Sedona real estate market saw the lowest number of home sales since last September with almost half as many sales as last June.
The median home sales price for the month of June was the lowest they’ve been since last August.
Sedona has seen a decrease of 15.9 percent in the number of homes sold in 2022 when compared to 2021.
The average home sales price has seen an increase of 17.7 percent for 2022 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 2022 has dropped to 76 days from 92 in 2021.
Here is an infographic with the breakdown of how the Sedona Real Estate Market has done during 2022.
Sedona 2022 Home Sales
2022 has seen 328 home sales in Sedona which is a 15.9 percent decrease when compared to the homes sales of 2021.
Homes under $500,000 made up 7.3 percent of sales, with homes priced between $500,000 and $999,999 accounting for 47.0 percent of sales. Homes priced over $1,000,000 came in at 45.7 percent.
Sedona 2022 Home Sale Prices
The average home sale price, $1,150,382, in Sedona has experienced an increase of 17.7 percent when compared to 2021.
Meanwhile, the median home sale price, $922,000, up 21.8 percent during the same time period.
Sedona 2022 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona is extremely low as the inventory so far this year is at 3.1 months. The number of new listings (442) for 2022 is 1.8 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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