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As the holidays approach, the Flagstaff market, which usually slows down, has been unusually active! With changes in interest rates and the election, we've seen a surprising amount of movement for this time of year. Sellers are seizing the moment to close deals before winter, while savvy buyers are taking advantage of motivated sellers to find great opportunities. If you've been considering making a move, now might be the perfect time!
For buyers, especially first-time buyers, there’s good news: the number of homes on the market is growing. With a 4.24-month supply of inventory, you have more options to choose from than this time last year, thanks to a 32% increase in available homes. Homes are selling in about 41 days on average, so while there’s time to explore, it’s wise to move quickly when you find the right fit. And while sellers are receiving close to their asking price (98% on average), there’s still room for strategic offers and negotiations.
For sellers, the market remains steady and strong. With buyers taking action and homes moving relatively quickly, pricing your home right is key to attracting serious offers. The median sold price in Flagstaff is $755,000, reflecting the value and appeal of our market.
Whether you’re buying your first home or selling to take your next step, I’m here to guide you through the process and make it as smooth as possible. Let’s turn these market insights into a plan that works for you. Have questions? Reach out anytime - I’d love to help!
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