The inventory of available homes for sale in the Uptown Sedona real estate market is less than half of the number of available homes in a normal market.
Uptown Sedona saw the number of homes sold for 2019 decrease 35.1 percent when compared to 2018.
The average home sales price experienced an increase of 6.9 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 19 day decrease to 122 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 24 sales which is a 35.1 percent decrease when compared to the homes sales of 2018.
Homes under $500,000 have made up 20.8 percent of sales, with homes priced between $500,000 and $999,999 accounting for 70.8 percent of sales. Homes priced over $1,000,000 have come in at 8.4 percent.
Uptown Sedona 2019 Home Sale Prices
2019 saw the average home sale price reach $667,062 in Uptown Sedona which was an increase of 6.9 percent when compared to 2018.
Meanwhile, the median home sale price, $628,000, increased 0.5 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 2.9 months. The number of new listings (28) for the year is 10 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
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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