Current & Pending Home Sales
Flagstaff Real Estate Update: Navigating the Early 2026 Market
The Flagstaff single-family housing market opened the year with a continuation of the low sales volume we’ve observed over the past several months. In January 2026, there were only 40 homes sold across the Flagstaff area, a dip from the 50 sales recorded in January 2025.
While this reflects a cautious start to the year, a closer look at the data suggests that the tide may be starting to turn. The median sales price for single-family homes in the Flagstaff area came in at $805,000 for January 2026.
Quick January Market Snapshot as of February 11, 2026
- Active Listings: 160
- Pending Home Sales: 79
- Single-Family Home Sales: 40
- Townhomes Sold: 8
- Condos Sold: 6
- Median Sales Price: $805,000
Pending Sales & Buyer Demand
Signs of Momentum: Pending Sales on the Rise
Despite the lower closing numbers, there is an encouraging signal for both buyers and sellers: pending sales have increased for the first time since November 14.
While this growth is modest, it is a significant shift in momentum. We anticipate this could be the beginning of an upward trend as we move further into 2026.
As we head toward the spring and summer months—traditionally our busiest time of year—we expect this activity to gain further traction.
Closed Sales & Pricing Trends
What This Means for Buyers
The current market presents a unique window for savvy buyers. While inventory remains limited—particularly for homes priced under $700,000—there are opportunities to capitalize on properties that have been on the market for an extended period.
In a climate where many are waiting for the “perfect” moment, those who are active now may find more room for negotiation on well-established listings.
According to the latest Absorption Rate data, the supply in months varies significantly by price point:
- Under $600,000: Supply remains very tight (under 1 month), indicating high demand in entry-level and mid-range price points.
- $700,000 – $1,300,000: We are seeing a more balanced supply (3.2 to 5.5 months), giving buyers more options to explore.
- $1,300,000+: This segment currently holds about 9.6 months of supply, offering the most leverage for buyers looking in the luxury tier.
What This Means for Sellers
If you are considering selling your home this year, timing is everything. With pending sales starting to climb, now may be the ideal time to prepare. Strategy and presentation are more important than ever in today’s climate to ensure your property stands out as the spring market heats up.
Whether you are looking to buy your first home or are curious about the current value of your property, we are here to help. Contact us today to discuss timing, market tips, and how to make the most of the 2026 real estate season.
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).