Eileen Taggart

Flagstaff, AZ 86001

Single-Family Homes

The Taggart Team | RE/MAX Fine Properties



Flagstaff, AZ 86001

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 has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Flagstaff, AZ 86001

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 has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $426,400
Per Square Foot $231
Days on Market 141
Price Decreased 19%
Price Increased 10%
Relisted 6%
Inventory 105
Median House Rent $2,300
Most Expensive $3,750,000
Least Expensive $1,795
Market Action Index
Slight Buyer's Advantage
26

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,174,000 3,358 1 - 2.5 acres 4 3 20 1 0 229
$527,000 2,279 0.25 - 0.5 acre 4 2 23 3 3 159
$399,000 1,712 0 - 4,500 sqft 3 2 2 2 3 90
$329,900 1,459 4,500 - 6,500 sqft 2 2 0 3 1 87