The Flagstaff, AZ inventory of homes for sale continues to climb. Market statistics that I'm compiling today show that there is a nearly 20 months' supply of homes for sale in Flagstaff. The good news is that prices are holding. The bad news is that prices cannot continue to hold in the face of this rising inventory.
Meanwhile, here is what the Northern Arizona real estate market did on Monday, January 5, 2009:
| New Listings |
17 |
|
|
| Back on Market |
12 |
|
|
| Price Increases |
2 |
|
|
| Price Reductions |
14 |
|
|
| Contingents |
1 |
|
|
| Pendings |
0 |
|
|
| Solds |
4 |
|
|
| Expireds |
5 |
|
|
| Inactives |
8 |
|
|
Note: Information in the chart is complied by and based upon multiple-listing-service data from the Northern Arizona Association of Realtors® and is deemed reliable for sales reported to the association, but is not guaranteed and does not include all sales in the market area. This information covers all areas of Northern Arizona including Flagstaff, Parks, Williams, Winslow, Ashfork, Munds Park, Sedona and others.
If you know anyone who wants to buy or sell real estate, send them to our website to get started: BestFlagstaffHomes.com -- from there they can search all listings in Flagstaff -- or have them give us a call: 928-714-0001.
Should you remodel when you are planning to sell? Check out today's post: Do Remodeling Projects Add Value to a Home?
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