I ran the monthly stats yesterday and found that we're up about 10% in inventory across the board (comparing April to May)- both homes and lots... which is yet another good sign for buyers. The market continues to move along at a decent pace - with buyers snapping up great deals in every price range. I've heard that the lending industry is about to get easier for Sedona buyers... Yavapai county will be upgraded from a declining market on June 1st. That means that the you'll be able to pick up properties with less money down than you can right now. Talk to your lender or read Eric's posts on the Red Rock News Mortgage News blog to see if he has something to say about this.
There's as many new sales today as new listings... that hasn't happened recently. That shows that we're still in our busy spring period - there were 6 new sales in town yesterday/today. Another bit of good news (for one segment of the market at least) is that there are currently 3 homes over $2 million in escrow. That bodes well for the health of the market... as does the high activity level in the lower price ranges (sub $400k)
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