Sedona Real Estate Home Inventory

It is interesting to note that in our Sedona real estate market the inventory of homes for sale has declined steadily over the last few years. Fewer properties are available while volume of sales remains very healthy.

This combination of shrinking inventory and elevated sales volume points to price levels that are likely to increase because of supply and demand dynamics.

At the end of April 2013, the inventory of residential homes was 378 units, compared to 347 units at the end of March, representing a 9% increase from a month ago. This increase is seasonal as spring brings out both buyers and sellers to the market. More significantly, inventory levels at the end of April were 23% lower than a year ago.   Read full report