Flagstaff Real Estate Market News!!

If you're not up on the news, the Phoenix Metro area is seeing homes selling at the fastest pace since 2006.  And the good news is the buyer's are purchasing homes not on speculation, but upon price.  It looks like the bottom has been reached.  Low prices and extremely low interest rates equal increased sales. As it pertains to our local Flagstaff Real Estate market, the bottoming of the Phoenix Metro area market should increase our home sales also.  In the past, the Flagstaff market has been fueled in part by Phoenix area buyers looking to escape the heat. Those buyers have dropped off in recent years.  Will they return soon? Time will tell but odds favor it. Thanks for reading.

Gregg Munson

Associate Broker.