The first half of the year has passed us by and so has the busy Spring buying season for Sedona Real Estate.  It was a very busy spring for me – and the market as well.  Sedona sales of homes and land have lagged about 2% under the # of sales in 2013 – and inventory levels are leveling off as well – and they’re at some of the lowest levels in 6+ years.  Prices are rising across the board at a very reasonable pace.  Foreclosures and short sales make up a fraction of the market and there are only 2 currently listed foreclosed homes in all of Sedona.  The current inventory of Sedona homes looks like this:  401 residential units on the market – 52 of them are in escrow – making a total of 349 available residential units (if you take out condos and MFG homes, there are only 298 available single family homes).  Unit sales on vacant land are on the rise too – about 5% higher than last year.  

Look for slower sales for July and August and a rebound in September through November as the weather cools off.  It’s a pretty typical trend if you look at the annual sales for the last 10 years – and I wouldn’t expect anything different this year.  If you’re buying or selling – contact your agent to discuss timing and options that work best for you!