Flagstaff November Housing Sales & Prices Move Higher

November 2018 housing prices in the greater Flagstaff region climb to a new monthly high. The median sale price was $392K up 7% from November ‘17 and easily surpassing the old November high of $379K set in 2006. The average price paid per-square-foot was $225 up 10% from a year ago, tying the high set back in November ‘06. November housing sales rose 8% totaling 84 SFR’s. So far, year-to-date sales are slightly ahead of last year as are prices. I think we’ll probably finish higher for the year on both due to interest rates declining bigly. In spite of the latest Federal Reserve hike, a 30-year fixed rate mortgage is now at 4.375% down ¼ of a point from just a month ago, a very nice Christmas present! Until next month, here for any & all of your real estate needs. Wishing everyone wonderful holidays and a very Happy New Year!