By Taylor Mahoney | Arizona Daily Star
Flagstaff’s housing market has consistently seen high prices for single-family homes over the years, and the coronavirus didn’t stop the median price of a home from rising 6%.
The 6%, or $25,000, increase compared to March 2019 leaves the median cost of a home in Flagstaff at $425,000.
Despite the economic turmoil for recently furloughed workers, people are still buying homes in Flagstaff as the city has a unique market that is easier to navigate for people buying a second home. However, March saw Flagstaff’s already low supply of homes listed for sale drop even further, according to Melinda Morfin, president of the Northern Arizona Association of Realtors.