Elisa Andreis J.D.
Your source for Sedona Real Estate
Elisa Andreis    Phone 928-274-1521
Sedona Home Inventory
spacer Line spacer SEDONA HOME INVENTORY
Updated on July 5th 2013
RESIDENTIAL INVENTORY
 
Click on chart to enlarge
 
After rising for 4 consecutive months to 390 units in May, the inventory of residential homes in June in Sedona was 359 units, an 8% monthly decrease.
 
The decrease in inventory is a reflection of rising sales volume and the firming of sale prices. The trend line indicates a steadily shrinking supply.
 
Sedona residential inventory peaked in September 2008 with 760 listed properties. The lowest reading was in September 2004 at 233. Prices started stabilizing and improving in mid 2011 while inventory was at 2002-2003 levels. It is safe to say that as long as inventory is in decline, prices will continue to improve.
 
There is a definite correlation between inventory and price levels. Inventory is an important leading indicator of future price movement. In Sedona, inventory bottomed in the 4th quarter of ‘04 and prices peaked in the fourth quarter of ‘06.
 
YEAR OVER YEAR CHANGE IN INVENTORY
 

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Inventory levels today are 21% lower today than a year ago.

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Russ Lyon Sotheby's International Realty
20 Roadrunner Drive Suite A • Sedona, AZ 86336
Elisa Andreis • Phone 928-274-1521