Looking back at 2022 with the benefit of hindsight… the year looks fairly disjointed. The first 4 or 5 months showed some of the highest activity levels I’ve seen in 20+ years of Sedona real estate – then we hit the wall in April/May. As the economy was rapidly slowing down and the interest rates headed upwards, the local market certainly slowed down. Prices and expectations dropped by 10-15% and the end of the year showed some life with increased sales and shoring up of current price levels. I’ll do my best to compare year end stats from 2021 and 2022 for comparison below. For the full picture use this link for full details: 2022 year end stats
If you have questions about the health of the market, reach out to your agent or me for a deep dive into your own property value.
|Dec-22||Dec-21||% Chg||2022 YTD||2021 YTD||% Chg|
|Average List Price||$859,428||$742,440||15.76||$718,072||$633,672||13.32|
|Median List Price||$582,500||$465,963||25.01||$514,550||$449,000||14.60|
|Average Sale Price||$655,690||$597,552||9.73||$645,503||$602,293||7.17|
|Median Sale Price||$499,806||$431,500||15.83||$480,000||$440,000||9.09|