Phone 928.300.1699
Email Jan & Wally
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Jan Bigelow: 928.300.1699
Wally Reule: 928.301.5943
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Slow Start for the Sedona Real Estate Market in 2016
The real estate market in the Verde Valley is off to a slow start in January 2016. The number of homes that closed in January was actually up 4%, but the number under contract declined by 13%. Part of the problem is that the inventory of active listings is 14% lower (769 last year compared to 657 this year) than it was a year ago, and it was low then. The good news is that more new listings came on this January than last January. The jury is still out on how strong our market will be in 2016. As one analyst said, he is slightly more cautious in his optimism than he was at the beginning of the month.
Jan Bigelow — Phone 928-300-1699
Wally Reule — Phone 928-301-5943
Email Jan & Wally
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