Sedona Real Estate Negotiation Advantage Is Shifting
This is good news for sellers of Sedona Real Estate, and not so good news for buyers. However, don’t underestimate the negotiation power of either side when it comes to buying or selling property. This process is very individualized. I will talk more about this in a future blog.
In the above picture, you see the “Real-Time Market Profile”. As we start to enter our peak selling season, we are experiencing low inventory conditions. Frankly, many buyers are unable to purchase the home they desire because it isn’t on the market. So there is a slight advantage to the seller.
This is the first time that Sedona 86336 has experienced a bump for the seller. As early as March 2, 2015, the Market Action Index was 24.9 for 86336. This was a big advantage for buyers across the board. The average days on market was 177 (DOM). Currently, the average days on market is 105 for the bottom quartile which sits at $317,000 – 3BD -2BA – 1628 SQ.
A more detailed weekly report can be obtained on the first page of SellSedona.com. Just select Market Stats. There is also a Learning Center that helps you understand and use the website more efficiently. Select “Understanding Market Stats and Reports” for more information on how to obtain your complimentary report and better understanding of the Market Action Index.
Learning Center @ SellSedona.com
If you have any questions don’t hesitate to Contact Sheri.