By Elisa Andreis J.D.
Russ Lyon Sotheby’s International Realty
Sedona AZ – It is our high selling season in real estate with a vibrant market full of opportunities. A lot of new listings come on the market at the moment and home buyers make the trip to Sedona to shop for good deals. We are noticing strong activity triggered by reduced inventory, with at times multiple offers on the same home, even when the home has been on the market for several hundred days. As days on market shrink, sellers are holding firm onto their listing prices and buyers try in vain to negotiate lower prices points that are long gone now that sale price is improving, further narrowing the trading range.
This update looks at the residential real estate market during the months of September and October 2013 in relation to the same period a year ago and highlights the major trends. Read More→