This year saw the Sedona real estate market experience similar home sales to last year while seeing an explosion in home sale prices.
Interested in how the Sedona real estate market is doing this year?
The month of December saw was an example of how the market preformed this year as a whole.
The number of homes coming on the market saw a decrease of over 60 percent when compared to last December.
This decrease in homes coming on the market and the steady home sales has brought the inventory of available homes to less than 1.7 months which indicates an extremely strong seller’s market.
Sedona has seen an increase of 1.3 percent in the number of homes sold in 2021 when compared to 2020.
The average home sales price has seen an increase of 33.9 percent for 2021 over last year.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market during 2021 has dropped to 84 days from 143 in 2020.
Here is an infographic with the breakdown of how the Sedona Real Estate Market has done during 2021.
Sedona 2021 Home Sales
2021 has seen 759 home sales in Sedona which is a 1.3 percent increase when compared to the homes sales of 2020.
Homes under $500,000 made up 13.0 percent of sales, with homes priced between $500,000 and $999,999 accounting for 56.3 percent of sales. Homes priced over $1,000,000 came in at 30.7 percent.
Sedona 2021 Home Sale Prices
The average home sale price, $994,939, in Sedona has experienced an increase of 33.9 percent when compared to 2020.
Meanwhile, the median home sale price, $802,000, up 30.4 percent during the same time period.
Sedona 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in Sedona is low as the inventory for the year is at 1.7 months. The number of new listings (787) for 2021 is 0.3 percent above those seen last year.
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 affected you or for a specific neighborhood, contact me for free information.
Sedona Current Listings
What do you think?
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