Flagstaff Sept Housing Prices and Sales Hit New Highs

September housing sales in the greater Flagstaff region jumped 35% compared to the same month a year ago. September housing prices rose 12% with the median sale price coming in at $425K which represents a new high for the month. Prices for the 3rd ¼ and for the first 9 month’s also hit new highs. Here’s the breakdown.

Time Period SFR Sales    Yr/Yr+- Median $    Yr/Yr+-
Sept 19      135*    +35%    $425K*    +12%
3rd ¼      414    +26%    $425K*    +12%
1st 9Months      890     FLAT    $420K*     +9%

*New High

As you can see, the market remains very strong. And of course, low mortgage rates are helping a lot. A 30-year fixed rate mortgage is at 3.5% with no points.  There’s one more quarter to go in the year but it’s looking like 2019 will be a very strong year. Until next month, here for any & all of your real estate needs.