The National Association of REALTORS®(NAR) released the estimated pending homes sales nationwide. They are up 1.4% nationally, but down in the western region. Lawrence Yun with NAR attributes the decline in the western region to the affordability for buyers. The median price of homes in the western region has climbed over 35% since 2012. Many Flagstaff home buyers struggle with affordability as well. Our median price for a single family home in March was $376,229. Please see the video for more information and call Eric or Jessica if you would like more information about our local market.