The Uptown Sedona real estate market has seen more than double the number of homes that have come on the market for the year than last year.
Uptown Sedona saw a 27.3 percent increase in the number of homes sold for 2022 when compared to 2021.
The average home sales price experienced an increase of 32.8 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 12 days to 49 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 28 sales which is up 27.3 percent when compared to the homes sales of 2021.
Homes under $500,000 have made up 10.7 percent of sales, with homes priced between $500,000 and $999,999 accounting for 25.0 percent of sales. Homes priced over $1,000,000 have come in at 64.3 percent.
Uptown Sedona 2022 Home Sale Prices
2022 has seen the average home sale price rise to $1,289,907, in Uptown Sedona which was an increase of 32.8 percent when compared to 2021.
Meanwhile, the median home sale price, $1,150,000, increased 55.0 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 2.1 months. The number of new listings (36) for the year is 19 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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