Your Weekly Market Update

Flagstaff, AZ

Single-Family Homes

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



Flagstaff, AZ

Tue Mar 26 2019
This week the median list price for Flagstaff, AZ is $529,900 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 375. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Flagstaff, AZ

Tue Mar 26 2019
This week the median list price for Flagstaff, AZ is $529,900 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 375. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $529,900
Per Square Foot $233
Days on Market 94
Price Decreased 17%
Price Increased 5%
Relisted 9%
Inventory 375
Median House Rent $2,050
Most Expensive $4,595,000
Least Expensive $1,900
Market Action Index
Slight Buyer's Advantage
28

Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.

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
$1,250,000 3,913 0.5 - 1 acre 4 4 14 2 12 83
$652,450 2,805 0.25 - 0.5 acre 3 3 21 3 3 131
$448,000 2,046 8,000 - 10,000 sqft 3 2 18 8 17 84
$329,900 1,512 6,500 - 8,000 sqft 3 2 19 19 7 78