The Sedona real estate market is experiencing quite a bit of activity to start off the year.
Both January and February saw increases in home sales over those seen last year.
If you’re in search of your dream home, swift action is key as homes are moving faster this year than 2023.
The month of February saw an uptick in more homes hitting the market, which means more options to choose from.
On the flip side, if you’re considering parting ways with your home, now’s the time to strategize.
With prices on the rise and inventory slightly favoring prospective buyers, finding the right price point is crucial.
Marketing its unique features and the lifestyle it offers will help your property stand out in a competitive market.
Sedona has seen an increase of 6.3 percent in the number of homes sold in 2024 when compared to 2023.
The average home sales price has seen an increase of 13.1 percent during the same time period.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market during 2024 is 65 less, 106 days, as it was in 2023.
Here is an infographic with the breakdown of how the Sedona Real Estate Market has done during 2024.
Sedona 2024 Home Sales
2024 has seen 102 home sales in Sedona which is a 6.3 percent increase when compared to the homes sales of 2023.
Homes under $500,000 made up 5.9 percent of sales, with homes priced between $500,000 and $999,999 accounting for 44.1 percent of sales. Homes priced over $1,000,000 came in at 50 percent.
Sedona 2024 Home Sale Prices
The average home sale price, $1,167,342, in Sedona has experienced an increase of 13.1 percent when compared to 2023.
Meanwhile, the median home sale price, $985,000, up 6.5 percent during the same time period.
Sedona 2024 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona has started this year at 6.9 months, which is slightly in favor of buyers. The number of new listings (203) for 2024 is 50.4 percent higher than 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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