Sedona Arizona 86336
January ~ Market Reports
Check out the most current monthly reports at REMAXSEDONA.NET
Listing ID 508411 Offered by ReMax Sedona
Sedona Arizona 86336 Homes For-Sale
First of all, as you research Sedona homes for-sale, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index (MAI) above. Altos Research uses a complex algorithm to provide the MAI.
Here we are in the beginning of January and normally the market is predictably soft right now. In Sedona 86336 which is basically areas such as the Chapel area, Uptown, West Sedona, the airport area and Red Rock Loop, prices are continuing a strong trend upward with inventory showing a strong downward trend. However, the Market Action Index is also showing a strong downward trend. Mostly because the top Quartile is starting to move downward and is well below 30 at 25. The other 3 quartiles are at 35 or higher which is a pretty strong seller market. But all quartiles are anywhere from 3 to 5 points lower than November 2015. This indicates that the market is moving closer to the advantage of the buyer. If you are a serious buyer, now is the time to purchase a home. Generally the market conditions will become more active as it pushes closer to Spring. April seems
Sedona homes for sale in the 4th Quartile are not staying on the market long and the seller is definitely in the driver seat!
*Please Note: As new listings hit the market and homes close or fall off, the number of Sedona homes for sale will fluctuate daily based on the Multiple Listing Service detail.