Flagstaff housing sales dip after setting records earlier this year

Flagstaff / Wikicommons

 

By Adrian Skabelund | Arizona Daily Sun

After a record number of housing sales earlier this year, the market seems to have shifted substantially as the number of houses sold in town is down for the fourth consecutive month.

During the month of October, there were 109 houses sold, which is 11 percent fewer sales than October 2017, according to data gathered by Stephen Brighton of Century 21 Realty.

This drop comes after a similar reduction in September and the whole third quarter of this fiscal year. In September housing sales were down 38 percent, and sales were down 16 percent throughout the third quarter.

Brighton said a portion of this drop is simply seasonal. People generally prefer to move during the summer, when the weather is better and kids are not in school. Because of this, summer sees the most housing sales. Once school starts, most people are far less likely to move, preferring to hunker down and wait till the next year.

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