June Housing Prices in Flagstaff Rise 19%

The first half of the year is in the books and we set price records for the month of June, the 2nd quarter and for the first half of the year.  The sales volume is a little suspect however with all three time periods seeing a drop. Mortgage rates are down an 1/8th of a point from last month with a 30-year fixed rate mortgage at 3.75% with no points. And inventory levels are rising, right on time for the summer selling season.

Time Period SFR Sales Year/Year+-  Median $ Year/Year+-
 June 2019    100       -33%     $460K*     +19%
2nd Qtr ‘19    317       -11%     $420K*     +8%
1st Half ‘19    470       -17%     $415K*     +8%

*New High