Flagstaff Home Sales for September 2019

Flagstaff Home Sales for September 2019

September Home Sales Report for the Flagstaff Area

There were 104 single family homes sold in the Flagstaff area during the month of September. We also sold 19 townhomes and 11 condos as well. Overall we are looking at the third consecutive month of surpassing the volume for the same months in 2018. Buyers who were ready and able to go under contract benefited from a slight drop in interest rates. There was no decrease in prices however. The median sales price for single family homes in the Flagstaff area in September was $455,500. That’s 15.48% higher than September 2018’s median price of $394,000.

Nationwide sales for September were up 3.9% compared to 2018. The median price for single family homes for the nation was $275,100 up 6.1% from one year ago. The Monthly Existing-Homes sales report from National Association of REALTORS® discusses the inventory issues in our national market. Chief NAR economist Lawrence Yun stated “Home prices are rising too rapidly because of the housing shortage, and this lack of inventory is preventing home sales growth potential. We must continue to beat the drum for more inventory.”

Sellers on the fence about when to sell, NOW is a good time. There are plenty of buyers looking for a new home. To buy or sell a Flagstaff home, you need more than the general advice in this blog. That is where we can help!

 

Contact The Elite Team at RE/MAX Peak Properties – Give us a call at 928-714-0001 or send an email to [email protected] for experienced, professional advice on purchasing or selling a home in Flagstaff.