Home sales within the Uptown Sedona real estate market remain behind last years pace while home sale prices are higher.
Uptown Sedona saw the number of homes sold for 2019 decrease 32.6 percent when compared to 2018.
The average home sales price experienced an increase of 7.5 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 6 day decrease to 129 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2019.
Uptown Sedona 2019 Home Sales
For 2019, home sales in Uptown Sedona has seen 29 sales which is a 32.6 percent decrease when compared to the homes sales of 2018.
Homes under $500,000 have made up 24.1 percent of sales, with homes priced between $500,000 and $999,999 accounting for 62.1 percent of sales. Homes priced over $1,000,000 have come in at 13.8 percent.
Uptown Sedona 2019 Home Sale Prices
2019 saw the average home sale price reach $681,463 in Uptown Sedona which was an increase of 7.5 percent when compared to 2018.
Meanwhile, the median home sale price, $699,000, increased 11.8 during the same time period.
Uptown Sedona 2019 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains steady as 2019 started at 3.6 months. The number of new listings (34) for the year is 7 less than there were in 2018.
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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