2nd Quarter Sales Report
For Flagstaff in 2025
Total Sales YTD 2025
The Flagstaff single-family home market is off to a steady start in 2025, with 354 homes sold between January 1 and June 30. That puts us on pace to finish the year with a total similar to 2024, which saw 772 homes sold. While we’re no longer seeing the record-breaking numbers from 2020 and 2021, the current sales activity suggests the market is holding strong and moving at a more sustainable, healthy pace.
As of July 10, there are 289 active listings and 100 homes under contract. This indicates that there’s still strong interest from buyers, and inventory remains active.
Although the market has cooled from the highs of just a few years ago, what we’re seeing now is a more balanced environment for both buyers and sellers.
If this trend continues, 2025 is shaping up to be another stable year for Flagstaff’s real estate market.
TOTAL SALES YTD 2025
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).
Median Sales Price YTD
As we reach the midpoint of 2025, one of the most frequently asked questions REALTORS® are hearing is, “When are home prices going to drop?” After the explosive price growth seen in 2020 and 2021, it’s a fair question.
But so far this year, the data tells a different story. Instead of a decline, we’ve seen a modest increase of just over 1% in the median sales price compared to 2024. While that’s a far cry from the double-digit gains of past years, it’s still positive growth—and a sign that the market remains stable. Inventory has grown, with 289 active listings and 100 pending sales as of July 10, yet prices have held steady, suggesting a balanced relationship between supply and demand.
This price resilience reflects the strength of buyer interest, even in the face of higher interest rates. If rates begin to drop later this year, we could see more buyers re-enter the market, creating renewed competition and possibly driving prices up again. For now, though, Flagstaff’s real estate market is showing signs of normalcy after years of volatility—moderate price growth, steady demand, and manageable inventory.
HOME PRICE CHANGE OVER THE YEARS
WRAP-UP
While some may be waiting for a significant dip in prices, current trends indicate continued stability rather than a downturn. Time will tell how the rest of the year plays out, but rest assured, Best Flagstaff Homes Realty is here for all your real estate concerns.
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. Contact the Best Flagstaff Homes team for all of your Real Estate needs!
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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