Flagstaff Real Estate Market Trends Jan 2022
MONTHLY FLAGSTAFF REAL ESTATE TRENDS
Homes Sold in the Flagstaff Area in January & Pending Homes as of 02/16/2022
Pending Home Sales
On February 16th there were 109 single family homes under contract in the Flagstaff area. That’s down from the 142 reported on December 22, 2021. Low inventory levels continue to strain the Flagstaff market. There were only 32 active listings on the 16th. As we begin to head into spring, we are eagerly optimistic to start seeing more homes hit the market. Looking at the current market, it is worth noting of the 109 homes pending, only 25 are listed below $500,000.
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).
Flagstaff Home Sales for February
There were 59 single family homes sold in the Flagstaff area in January. This is not too far off the 65 sold in January of 2021. There were 11 townhomes and 20 condos sold during the month as well. The median price rose dramatically in January coming in at $722,604 for single family homes. A competitive market forced many of these sales to exceed the original list price. Sellers take note, it continues to be a Seller’s market. If you are thinking about selling your home, give us a call.
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