Flagstaff Real estate market data, AZ provided by Kelly Broaddus of The KeLLy Broaddus Team
of REMAX Fine Living
Flagstaff Home Sales Down, Prices Up 2%
The Flagstaff real estate buying season is winding down. Sales volume in August 2015 dropped to 111 vs 114 the same period in 2014. Housing prices in the greater Flagstaff area continues to rise after experiencing a slight drop in June. The median sales price was $331K up 2% from the same period a year ago.
The Inventory
If you are a buyer looking for a home above the median sales price of $331K, there is an ample supply of homes to choose from. Currently there are 715 houses for sale which represents almost an 8 month supply. However only about a third of these are listed for under $331K. If you are looking at homes priced below $300K, inventory is low at this price range and will be quite tough to find "the one". Thirty year fixed rate mortgage rates ticked up an eighth of a point and are now at 3.75%.
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Contact Kelly @ 888-446-5602 or email kellybroaddus@remax.net for your real estate selling & buying needs in Flagstaff & Sedona. Check out our happy client testimonials. View the complete August 2015 Flagstaff Real Estate Market Report .
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