April 02, 2013

Sedona Market Watch - March Home Inventory

At the end of March 2013, the Sedona Home inventory was 324 units, a level not seen since June 2005. In September of 2008, residential inventory reached its peak of 760 units. Today’s level (348 units) represents a 46% drop since the top. 

More significantly, in the past three months alone (since the end of November 2012), inventory has fallen by 22% compared to 30% from a year ago.