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February 2022 Market Update Report

Single-Family Homes in Flagstaff, AZ

Wed Feb 09 2022
This week the median list price for Flagstaff, AZ is $987,500 with the market action index hovering around 65. This is less than last month’s market action index of 66. Inventory has decreased to 38.

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Median List Price

Inventory

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM
$2,225,0003,7870.5 – 1 acre44161156
$1,470,0003,2001 – 2.5 acres43.3163228
$697,4002,1190.5 – 1 acre32414414
$397,0001,5146,500 – 8,000 sqft32572138

Wednesday, February 09, 2022
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