Current Pending and Home Sales in Flagstaff
MONTHLY FLAGSTAFF REAL ESTATE TRENDS
Homes Sold in the Flagstaff Area in August & Pending Home Sales as of 09/16/2024
Pending Home Sales
Pending home sales are holding steady. On September 16th, there were 134 pending single-family home sales in the Flagstaff area. We have continued to see an increase in pending homes since November 16, 2023.
We anticipate a seasonal decrease in volume in the fall and winter months. It will be interesting to see what impact the decrease in mortgage rates has on our market. We still have very few houses on the market, with only 198 on the market as of September 16th. This puts us at a 2.2-month supply and just below the 208 active on August 20th.
Flagstaff Home Sales for August 2024
There were 90 single-family homes sold in this market during the month of August, up 14 from the 76 sold in August 2023. Almost a third of those sold were over $1,000,000 this August. With 134 pending home sales in the pipeline, we are anticipating similar numbers for September. Time will tell.
Median Sales Price for Homes in Flagstaff
The median sales price for August was $827,500. It was $736,218 in July of this year. A month of numbers does not make it a trend, but it is an interesting fact to share. Keep an eye out for the year-over-year market snapshot when we report in January.
Townhomes & Condos in Flagstaff
We had 16 townhomes and 7 condos sold in the Flagstaff area throughout the month of August.
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The data reported here are based on single family homes sales in the Flagstaff Metro Area (The City of Flagstaff and immediately surrounding County areas, EXCLUDING Munds Park and Bellemont) as reported in the Multiple Listing Service (MLS) maintained by the Northern Arizona Association of REALTORS®. The data may not reflect all sales (but it surely reflects most of them).
Current Listings in Flagstaff, AZ
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