Flagstaff Housing Prices and Sales Hit New High for First Half of 2018

Both housing prices and sales in the greater Flagstaff region hit new highs for the first half of 2018. The median sale price for the first six months came in at $385K up 5% from the same period last year. The previous high of $376K was set back in 2006. The average price paid per-square-foot was $216. There were a total of 561 houses sold which is up 17% from2017. Here are the numbers for June and the 2nd quarter as well.

Time Period SFR Sales Year/Year+- Median $ Year/Year+-
June 2018    145*       +13%  $387K       +7%
2nd   ¼ 2018     350*         +16%   $390K*       +9%*
1st ½ 2018     561*         +17%   $385K*       +5%*

*New High

Mortgage rates are holding steady at around 4.375% for a 30-year fixed. Inventory levels are up overall but remain thin in the lower price ranges. Until next month, here for any & all of your real estate needs.