Your Weekly Market Update

Flagstaff, AZ

Single-Family Homes

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



Flagstaff, AZ

Tue Jul 17 2018
This week the median list price for Flagstaff, AZ is $499,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 307. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Flagstaff, AZ

Tue Jul 17 2018
This week the median list price for Flagstaff, AZ is $499,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 307. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $499,000
Per Square Foot $215
Days on Market 110
Price Decreased 41%
Price Increased 5%
Relisted 5%
Inventory 307
Median House Rent $1,900
Most Expensive $4,950,000
Least Expensive $2,400
Market Action Index
Slight Buyer's Advantage
29

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
$895,000 4,004 1 - 2.5 acres 4 3 23 2 0 169
$579,900 2,728 0.25 - 0.5 acre 4 3 23 1 3 121
$439,900 2,132 0.25 - 0.5 acre 3 2 26 4 2 70
$335,000 1,502 8,000 - 10,000 sqft 3 2 34 8 5 81