How Is the Sedona Market Doing?
Overall, the market in the 86336 zip caode is seeing the inventory decreasing but the days on market (DOM) are on the rise. For all 4 quartiles, the average DOM is 184 days. The bottom quartile is showing 145 DOM which is significantly better than the average. The top quartile influence on DOM affects the overall DOM. This average is 282 Days On Market.
The Market Acton Index answers the question "How's the Market?". This index measures the current rate of sales against the inventory. Currently the buyer is favored at 27.0. Anything below 30 favors the buyer. Recently, I have seen the 7 day rolling average jump up and down over and under the 30 index. I consider the market still in flux. These properties sell depending on the will power of the buyer or the seller. this is the first time I have seen the buyer's advantage become a downward trend. It has been relatively stagnant over the last few weeks.
Each Quartile is 25% of the market. Here is the quartile breakdown:
Each number is the Medium Price
Top Quartile: $1,472,000
Upper Q............$759,000
Lower Q............$499,000
Bottom Q...........$329,900
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