Realty Executives of Northern Arizona
Happy New Year! I hope your holidays held many blessings. We are grateful for being voted Best of Flagstaff for the 5th year! Your trust and commitment to me and Realty Executives of Northern Arizona is so appreciated.
Let's start 2026 with a brief analysis of our Flagstaff real estate market. The latest data for single family homes, condos, townhouses, and apartments shows a market that is steadily gaining momentum while remaining relatively balanced.
Market Metrics Snapshot
| Metric | Current Data |
|---|---|
| Months Supply | 5.7 months (MoM -15% · YoY +86%) |
| Median Sold Price | $735,000 (MoM +17%) |
| Sold-to-List Price Ratio | 98.11% (MoM +1%) |
| Median Days on Market | 68 days (MoM -7%) |
| New Listings | 84 |
| Active Listings | 355 |
| Pending Listings | 52 |
Months of supply currently sits at 5.7 months, down 15% from last month but up significantly year-over-year. This reflects a market that is tightening in the short term while still offering buyers more choices than this time last year. Overall, conditions are moving closer to balance, with neither buyers nor sellers holding a decisive advantage.
The median sold price increased to $735,000, representing a notable 17% rise from last month. This level of price movement suggests renewed buyer confidence and stronger demand, especially for well-positioned properties.
Homes are continuing to sell very close to asking price. The sold-to-list ratio of 98.11% indicates that sellers who price appropriately are achieving strong outcomes, and buyers may find less room for negotiation compared to earlier months.
Market pace is also improving. Median days on market declined to 68 days, reflecting more efficient transactions and a buyer pool that is acting with greater clarity and confidence.
Inventory activity shows 84 new listings coming to market, 355 active listings available, and 52 properties currently pending. With pending sales holding steady and new listings more limited, demand appears to be keeping pace with supply.
Overall, our market is entering a more confident phase. Sellers are benefiting from rising prices and quicker sales when homes are priced correctly. Buyers also have opportunities but should be prepared to act strategically. Nationally, Lawrence Yun, the economist for the National Association of Realtors, is forecasting a 14% increase in sales volume with a 4% increase in home prices. You can read the article here.
If you would like to discuss how these trends relate to your goals or your neighborhood, I would be happy to help. I'm only a phone call or email away.
Blessings,
Kim
Where the Experts are - Serving Flagstaff and Northern Arizona since 1977
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