Sedona Real Estate Monday Morning Market Minute April 2023

Sedona Real Estate Monday Morning Market Minute April 2023

The Sedona real estate market is experiencing a shift towards a more normal market, which is great news for both buyers and sellers alike.

In the past couple of years, the market has been in high demand, with homes selling quickly and prices skyrocketing.

However, this year has seen a decline in sales, which is more in line with what we saw in 2018 and 2019.

Despite the decline in sales, the Sedona real estate market for the month of April saw almost as many home sales as it did in March.

Overall, the recent trends in the Sedona real estate market indicate that the market is gradually returning to a more normal state than what we’ve experienced in the past couple of years.

If you’re looking to buy a home in Sedona, the low inventory levels are still an issue, but there is hope as inventory levels are slowly returning to a more normal level.

Homes that are well-appointed and priced correctly are still going fast, so it’s important to move quickly and make sure your offer is competitive.

On the other hand, if you’re selling your home in Sedona, it’s important to understand that the decrease in home sales and increase in days on the market means that homes may take longer to sell. However, the steady home prices indicate that the market is stabilizing.

To ensure a that the most buyers are seeing your home, it’s crucial to price your home competitively and make sure it’s move-in ready.

Sedona has seen a decrease of 37.0 percent in the number of homes sold in 2023 when compared to 2022.

While this may sound concerning, it is actually a positive sign that the market is returning to a more normal state.

The average home sales price has seen a decrease of 3.9 percent for 2023 over last year.

If you have any questions or any comments, please let me know.

https://www.angelodavisrealtor.com/se...

Top Sedona Real Estate Agent
Angelo Davis REALTOR® RE/MAX Sedona
2290 AZ-89A Sedona, AZ 86336
(928) 274-9114
[email protected]
https://www.angelodavisrealtor.com/