2008 kickoff
Published by Rick on Tagged First Time Homebuyers, Home Buying, Sedona Market TrendsWe’ve recently seen a 10%-15% reduction in inventory in the local real estate market. This isn’t due to sales… but to expiring listings and people tired of waiting for their home or land to sell… so they make it unavailable. This is a very good thing for the market in general… because when supply tightens, then demand increases (see my Econ 101 professor for an explanation) There are still lots of great deals to be had in Sedona… and will probably stay this way for the next 6 weeks. I’m expecting to see some moderately heavy buyer activity this Spring. This doesn’t mean that property values will rise… it means that more sellers will realized they’ve overshot the market pricing and bring prices down to meet the market demand. If you’re an investor, looking for a second home, or looking for a home to live in Sedona, this is a great time for you. Get out there, look at your choices and a few years from now you’ll be telling your friends and family how cheaply you bought property in Sedona!!!




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