Sedona’s housing inventory is down to 15%

By Juliana Walter | Red Rock News

Sedona’s available housing market has dropped to just 15% of the city’s regular housing inventory.

“We were running probably an average of 200 active listings at any given time, sometimes a little more. Right now, we’re right around 30,” Drew Clark of RE/Max Sedona said.

With only these few and far between listings in the area, Sedona has been a long way away from a buyers’ market for months with even fewer options for afford­able housing as the market continues to shut out anyone short of a million dollars.

The Seller’s Market

“[The buyers are] kind of 50-50. When Airbnb first passed, I would say it was a lot more investors,” Sedona-based Coldwell Banker Realty agent Danielle Giann said, referencing Senate Bill 1350, which was signed into law in 2015, legal­izing vacation rentals statewide. “But now I noticed that I’ve had lots of clients that are looking to make Sedona their full-time home. They’re not interested in the Airbnb aspect of a property as much. But it really depends on what property they resonate with though.”

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