The month of June saw the Uptown Sedona real estate market experience a 150 percent increase in home sales over last June.
Uptown Sedona saw an increase of 11.1 percent in the number of homes sold for 2020 when compared to 2019.
The average home sales price experienced a decrease of 3.2 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 is down 27 days to 100 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2020.
Uptown Sedona 2020 Home Sales
For 2020, home sales in Uptown Sedona has seen 20 sales which an increase of 11.1 percent in the number of home sales when compared to 2019.
Homes under $500,000 have made up 20 percent of sales, with homes priced between $500,000 and $999,999 accounting for 70 percent of sales. Homes priced over $1,000,000 have come in at 10 percent.
Uptown Sedona 2020 Home Sale Prices
2020 has seen the average home sale price drop to $648,100 in Uptown Sedona which was a decrease of 3.2 percent when compared to 2019.
Meanwhile, the median home sale price, $580,000, decreased 7.6 during the same time period.
Uptown Sedona 2020 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona remains very low as 2020 is at 3.9 months. The number of new listings (25) for the year is 1 less than there were in 2019.
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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