Here is the three letter word that I would use to describe our Sedona real estate market: HOT!. Notice the caps and exclamation point for emphasis. We have never seen the number of homes under contract this high and the number of homes for sale so low. One year ago we were complaining that there were only 179 active listings, and now there are 139. But why, in this economy, is this happening? What we're hearing from buyers from all around the country is that the pandemic is making them rethink their priorities, and that when the next lock down comes, they would rather do it in Sedona. For full market statistics for the first half of 2020, click here.