Current & Pending Home Sales
In February 2026, the Flagstaff real estate market showed steady activity with 38 total home sales and 90 pending transactions. Pending sales are up slightly from one month ago, when we reported 79 pending homes under contract.
While activity remains somewhat limited by available inventory, overall market movement is consistent with what we typically see during the late winter season as buyers begin positioning themselves ahead of the spring market.
Quick Market Snapshot as of March 10, 2026
- Active Listings: 151
- Pending Home Sales: 90
- Single-Family Home Sales: 38
- Median Sales Price: $747,000
Year-over-year sales activity remained remarkably consistent, with this February’s 38 completed sales nearly mirroring the 40 transactions recorded during the same period last year.
Future market momentum also appears steady, as the 90 current pending sales closely track the 89 reported one year ago, suggesting buyer demand remains stable despite ongoing inventory constraints.
Active Listings in Flagstaff
Low inventory continues to be one of the primary constraints on the Flagstaff housing market. The 151 active listings across all price points are limiting the number of transactions that can occur each month.
With supply sitting at roughly 4.0 months of inventory, many prospective buyers are finding that there simply are not enough homes available to meet demand.
Inventory is especially tight in the mid-range price segments, where demand is typically strongest. Homes priced under $700,000 remain extremely limited, with only 16 active listings currently available in that range. This shortage continues to create competition for well-priced homes in that price bracket.
Pending Sales & Buyer Demand
Pending sales totaled 90 homes this month, indicating that buyer demand remains stable overall with no major shifts from recent months.
Many buyers appear to be waiting patiently for the right opportunity rather than rushing into a purchase. Today’s buyers are highly discerning and are focused on finding properties that offer strong value, good condition, and the right location.
Interest rates and typical winter seasonality are also playing a role in the pace of activity. As we move closer to spring, it’s common for both inventory and buyer activity to increase.
With a segment of buyers already actively searching, we may see more transactions occur as new listings begin entering the market in the coming months.
Closed Sales & Pricing Trends
What This Means for Buyers
For buyers, conditions remain relatively consistent with what we’ve seen in recent months.
Inventory levels are still limited, meaning buyers may not see a large increase in available choices right away. However, seasonally speaking, we typically begin to see more homes hit the market as we move into the spring months.
Pricing trends remain neutral overall, but buyers may find more negotiation opportunities on homes that have been on the market longer, especially those that may be slightly overpriced or in need of repairs or updates.
If you come across a home that fits your needs and budget, it may be wise to act quickly. The right properties still tend to move faster, particularly when priced appropriately.
What This Means for Sellers
For sellers, the key takeaway this month is simple: don’t wait to list.
Listing sooner rather than later allows you to get ahead of the spring inventory surge that typically occurs in the coming months. With inventory still relatively limited, properly prepared homes can attract strong interest from motivated buyers.
Presentation and pricing remain critical. Buyers today are selective and tend to gravitate toward homes that are well-maintained, move-in ready, and priced appropriately for the current market.
If you’re considering selling, now is a great time to start preparing your home. Small improvements or strategic repairs can often make a significant difference in both the speed of the sale and the final sale price.
Ready to Buy, Sell, or Work Together?
Buyers: Thinking about buying in Flagstaff? Our team of local experts can help you navigate inventory, pricing trends, and the right neighborhoods for your needs.
Sellers: Curious what your home is worth in today’s market? We offer a free seller’s guide plus trusted local insights from a team with over 100 years of combined experience and deep roots in Flagstaff.
Agents & Referral Partners: Have a client considering Flagstaff? We love collaborating with other agents and are always available for co-brokerage partnerships.
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).