Loading...
You are here:  Home  >  Real Estate  >  Current Article

Flag home prices rise in March as home listings drop

Posted by   /  April 13, 2020  /  No Comments

    Print       Email
The median sales price of a Flagstaff-area single-family home in January 2017 was about $359,000 similar to 2018. / File photo / Arizona Daily Sun

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.

READ ON:

    Print       Email

Leave a Reply

You might also like...

Supreme Court ruling expanded tribal land. What does that mean for Arizona?

Read More →