Sedona Arizona homes sales for the month of October 2013 show steady signs of improving.
The median home price was up 12.5% to $361,382 YTD
Homes sold YTD 470, down from 540 a year ago.
The monthly supply of homes is 8.2, which is 15% less than a year ago. The days on market has been reduced by 19% to 153 days currently.
There are now 369 homes for sale which compared to 418 at this time last year is 49 fewer.
List to sell ratio has improved to 97.6%
There were 14.6% of the homes sold as either a foreclosure or bank owned short sale.
The statistic that really jumps and may be a signal of what is coming is the number of homes on the market in the $800K - 1.5M range. At current levels there is a 45 month supply of these homes. With colder weather coming this number is sure to rise in the next few months.
Call your real estate authority in the Verde Valley if you are thinking of buying or selling your property in Sedona, Az. Sedona Real Estate Consultant
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