Your Weekly Market Update

Flagstaff, AZ

Single-Family Homes

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



Flagstaff, AZ

Mon Nov 19 2018
This week the median list price for Flagstaff, AZ is $479,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 265. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Flagstaff, AZ

Mon Nov 19 2018
This week the median list price for Flagstaff, AZ is $479,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 265. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $479,000
Per Square Foot $218
Days on Market 150
Price Decreased 38%
Price Increased 6%
Relisted 8%
Inventory 265
Median House Rent $1,900
Most Expensive $4,950,000
Least Expensive $150,000
Market Action Index
Slight Buyer's Advantage
28

The market is 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
$927,000 3,929 1 - 2.5 acres 4 3 22 3 3 204
$555,750 2,758 0.25 - 0.5 acre 4 2 22 3 5 181
$420,000 2,012 0.25 - 0.5 acre 3 2 19 6 5 99
$333,499 1,459 6,500 - 8,000 sqft 3 2 32 5 4 118