The number of available homes for sale in the Uptown Sedona real estate market dropped below 2 months which indicates an extremely strong seller’s market.
Uptown Sedona has seen an increase of 3.0 percent in the number of homes sold for 2018 when compared to 2017.
The average home sales price experienced an increase of 14.4 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 for the year has experienced a 45 day decrease to 145 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2018.
Uptown Sedona 2018 Home Sales
For 2018, home sales in Uptown Sedona has seen 34 sales which is an 3.0 percent increase when compared to the number of homes sales in 2017.
Homes under $500,000 have made up 17.6 percent of sales, with homes priced between $500,000 and $999,999 accounting for 79.4 percent of sales. Homes priced over $1,000,000 have come in at 3.0 percent.
Uptown Sedona 2018 Home Sale Prices
2018 saw the average home sale price reach $628,762 in Uptown Sedona which was an increase of 14.4 percent when compared to 2017.
Meanwhile, the median home sale price, $625,000, increased 19.0 percent during the same time period.
Uptown Sedona 2018 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains steady as 2018 started at 1.9 months. The number of new listings (29) for the start of the year is 1 less than there were in 2017.
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 are affecting you or for a specific neighborhood, contact me for free information.
Uptown Sedona Current Listings
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