Your Weekly Market Update

Flagstaff, AZ

Single-Family Homes

Lori Anderson | 928-556-5070 | lori.anderson@ltic.com



Flagstaff, AZ

Sun Aug 19 2018
This week the median list price for Flagstaff, AZ is $515,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 289. Click here to stay informed with the Flagstaff market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Flagstaff, AZ

Sun Aug 19 2018
This week the median list price for Flagstaff, AZ is $515,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 289. Click here to stay informed with the Flagstaff market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $515,000
Per Square Foot $213
Days on Market 121
Price Decreased 49%
Price Increased 3%
Relisted 7%
Inventory 289
Median House Rent $1,875
Most Expensive $4,950,000
Least Expensive $2,200
Market Action Index
Slight Seller's Advantage
30

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$890,000 4,097 1 - 2.5 acres 4 3 23 2 9 163
$589,500 2,904 0.25 - 0.5 acre 4 3 23 1 4 167
$449,000 2,225 0.25 - 0.5 acre 4 2 26 7 7 73
$339,000 1,609 8,000 - 10,000 sqft 3 2 33 9 13 83