2022 saw the Uptown Sedona real estate market finish the year with a slight decrease in home sales and an almost 20 percent increase in the average home sales price.
Uptown Sedona saw a 7.3 percent decrease in the number of homes sold for 2022 when compared to 2021.
The average home sales price experienced an increase of 19.2 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 up 3 days to 57 days.
Here is an infographic with the breakdown of how the Uptown Sedona Real Estate Market did during 2022.
Uptown Sedona 2022 Home Sales
For 2022, home sales in Uptown Sedona has seen 51 sales which is down 7.3 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 7.8 percent of sales, with homes priced between $500,000 and $999,999 accounting for 31.4 percent of sales. Homes priced over $1,000,000 have come in at 60.8 percent.
Uptown Sedona 2022 Home Sale Prices
2022 has seen the average home sale price rise to $1,279,129, in Uptown Sedona which was an increase of 19.2 percent when compared to 2021.
Meanwhile, the median home sale price, $1,175,000, increased 23.0 percent during the same time period.
Uptown Sedona 2022 Days on Market and Absorption Rate
The inventory of available homes for sale in Uptown Sedona is low as 2022 is at 3.3 months. The number of new listings (62) for the year is 16 more than there were in 2021.
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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