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MARY MONDAY

Mary Monday: Are we entering a cooling off period in real estate sales?

The last few years have been great for real estate owners and sellers. We have seen values increase almost nonstop. Recently, however, it seems that the market for residential properties has cooled somewhat and that homes are staying on the market longer than in the past couple of years.

I receive a weekly report from Arizona Brokers Title Agency (AZBTA) that indicates that single-family homes are currently averaging 99 days on the market versus approximately 50 days last year at this time. You can view sale statistics for homes and condominiums in Flagstaff from AZBTA at this web address .



Mary Monday is an associate broker at RE/MAX Fine Properties. She can be contacted at: (928) 853-0572, [email protected] or .



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