May 2014 residential sales summary for Sedona Arizona
The real estate market for Sedona Arizona is currently very stable. The median sale price
for residential properties in May 2014 was $422,775. The median sale price for May 2013 was $405,000. A median sale price increase of 4% in May 2014. There were 42 closed residential listings in Sedona during May 2014.
The year to date sales statistics shows an almost identical number. The median sale price for 2014 was $384,500. The median sale price for 2013 was $385,000, a year to date decrease of .13% in 2014.
The median cumulative days on market for May 2014 were 162 days. In May 2013 the median cumulative days on market were 116 days, an increase of almost 40% in May 2014.
The year to date median cumulative days on market for 2014 was 134 days. The year to date median cumulative days on market for 2013 was 130 days, an increase of 3% in 2014.
The median listing prices for May 2014 was $571,950. The median listing price for May 2013 was $491,490, an increase of 16% in May 2014.
The median year to date listing price for 2014 was $499,000. The median year to date listing price in 2013 was $459,000, an increase of 8% in 2014.
So with the median year to date sales prices being almost identical and the median cumulative days on market showing only a small increase, the overall real estate market for Sedona Arizona is showing a lot of stability.
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All information provided is deemed reliable but not guaranteed. |
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