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First Quarter Sedona Market Statistics

Posted By Wally Reule @ Apr 11th 2017 5:09pm In: Sedona Real Estate Market News

The numbers are in for the first quarter and they confirm what we already know. The market is hot, but there are not enough homes to sell. Compared to last year, the number of homes under $1,000,000 is up nearly 13%, and the median sales price is up 13.3%, going from $450,000 to $510,000. The only thing holding it back is that the inventory of homes for sale has gone way down from 290 to 195. Ouch! Sales of homes over $1,000,000 are even more impressive. The number of homes in this price range have more than doubled, and the median sales price has increased by over 10%. Vacant land sales have also increased, the the median sales price has actually gone down. for more detail, go to our Market Statistics Page.

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