house_glass_03We recently posted the Flagstaff Homes Sales statistics.  While Flagstaff saw a small tick up in home sales from July, nationally sales are down a bit.  Interest rates are still at a record lows, however inventory is down and that has driven prices up.  In August the country saw a decrease of 0.9% in closed sales from July.  We are still, however, 0.8% higher than August, 2015.  The median house price is up 5.1% from this time last year.  Follow the link below to see the full article from The National Association of Realtors.

http://www.realtor.org/news-releases/2016/09/existing-home-sales-soften-further-in-august

If you missed our blog about our local numbers click here.  As always never hesitate to call or email The Elite Team with any questions.