As mentioned in earlier posts, the upper end of the market is slowing down. For quite a while there were no homes in escrow over $1M. There has been a little activity in that price range, but the lower end of the market is starting to move. My theory is that there are more owners that need to sell in the lower ranges and they're dropping prices more than in the upper prices. These sometimes significant price drops are inducing buyers to get out their checkbooks and BUY! I'd guess that this will continue for the next year or so... but we'll get busier. BUT - this doesn't mean that prices will go up - it just means that we'll sell more homes at good prices... so if you're a buyer - get ready - there are some fantastic deals on Sedona Real Estate right now!
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