Elisa Andreis J.D.
Your source for Sedona Real Estate
Elisa Andreis    Phone 928-274-1521
Sale Volume
spacer Line spacer SALE VOLUME - MONTHS OF SUPPLY 
 
Updated on July 5th 2013
SALE VOLUME
 

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In June 2013, the number of homes sold in Sedona stood at 49, an 11% increase from a year ago.
 
Volume of sales, after experiencing a sharp decline through 2009, has nearly doubled on average and is showing signs of further improvement.
 
In theory, as sales volume increases, inventory declines and prices eventually go higher. The reality is a little more complex as higher sales volume also attracts sellers who bring new properties on the market and add to the inventory.
 
The net effect of the feedback loop is not as conclusive as one would think but volume still needs to be watched closely as it is a reliable indicator of buyers’ activity and is increasingly showing signs of a healthy, more balanced market.
 
ABSORPTION RATE
 

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Also called the absorption rate, the months of supply indicator shows the number of months it would take to exhaust the inventory at the current rate of sales.
 
At the rate of sales in June, it would take 7.3 months to liquidate the inventory, a level not seen since 2005. The trend is pointing to further decline, a very positive indicator.
 

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