Sheri Sperry's Market Report

Sedona, AZ 86336

Single-Family Homes

Coldwell Banker - Sedona | (928) 274-7355 | Sheri@SellSedona.com



Sedona, AZ 86336

Mon Apr 22 2019
This week the median list price for Sedona, AZ 86336 is $949,000 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 123. Click here to stay informed with the Sedona 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 recently plateaued, 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.

Sedona, AZ 86336

Mon Apr 22 2019
This week the median list price for Sedona, AZ 86336 is $949,000 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 123. Click here to stay informed with the Sedona 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 recently plateaued, 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 Sedona market.
Median List Price $949,000
Per Square Foot $320
Days on Market 184
Price Decreased 39%
Price Increased 1%
Relisted 9%
Inventory 123
Median House Rent $3,500
Most Expensive $5,700,000
Least Expensive $289,000
Market Action Index
Slight Buyer's Advantage
29

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,102,500 4,701 1 - 2.5 acres 3 4 13 2 0 319
$1,199,900 3,839 0.5 - 1 acre 4 4 19 1 3 206
$799,000 2,631 0.25 - 0.5 acre 3 3 20 1 5 118
$550,000 1,960 0.25 - 0.5 acre 3 2 35 3 3 98