Current Pending and Home Sales in Flagstaff
MONTHLY FLAGSTAFF REAL ESTATE TRENDS
Homes Sold in the Flagstaff Area in November & Pending Homes as of 12/13/2023
Pending Home Sales
Pending home sales increased every so slightly from one month ago. On December 13th, there were 92 single-family homes pending, up from the 86 reported on November 16th. Potentially good news may be headed our way in the coming months and year should interest rates continue to drop. This will definitely be well received by Buyers, and we anticipate it to be beneficial to some Sellers. We’re definitely putting low mortgage rates on our list to Saint Nick.
Flagstaff Home Sales for November 2023
There were 48 single-family homes sold in and around our beautiful mountain town during the month of November. This is pretty much spot on with the sales last November (50). Condo sales were equal, with 21 sold this November and November ‘22. Townhome sales were down significantly, with only seven sold this November compared to 13 last year.
The median sales price for single-family homes shot up in November to $812,500. A lot of this has to do with a very low number of sales, especially in the lower price points for our market. Look to our yearly market update coming out in January. We will share the numbers for 2024 and our predictions for 2024. Enjoy your Holidays, and remember we are here for all your real estate needs.
To the sellers on the fence, give us a call and let’s talk numbers and strategy. Buyers wanting to purchase a home, we are here to help.
DO NOT tackle the real estate market without a full-time, competent agent who is up to date on the current Flagstaff market. We are here to provide you with the Best service. It’s in our name. Give us a call at 928-714-0001 or email us at [email protected].
Keep an eye on our social media posts for content related to the current issues Buyers and Sellers face today.
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).
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