slow recovery

The median price of a single-family-home sold in Flagstaff in April 2013 was $260,000. That’s up 2.6% from April 2012. The volume of home sales was actually lower than a year ago by 11%. Most experts attribute the low volume to lack of inventory; availablelistings of Flagstaff single family homes are down 7.7% from this time last year. Thatlack of inventory necessarily creates upward price pressure. Last month was the first April since 2006 when the median sold price for Flagstaff single … [Read more...] about Flagstaff Market Showing Slow Recovery