At the midpoint of 2026, the Sedona real estate market continues to demonstrate balance. While headlines in some markets focus on uncertainty, Sedona remains remarkably resilient. Sales are higher for the year, but slowing for the summer, prices continue to appreciate at a modest, sustainable pace, inventory remains constrained, and mortgage rates appear to have settled into the mid-6% range for the foreseeable future.

In short, this is neither a boom nor a bust market. It's a healthy, balanced market.

Altos Research, one of the most credible sources for real estate data and analysis, tracks local markets all over the country. Their useful weekly snapshot, the Market Action Index currently gives Sedona a rating of 31.

Existing Single-Family Homes Inventory Remains Tight

Inventory continues to be one of the most important factors supporting home values in Sedona.

As of late July 2026, the number of available single-family homes is:

• Down 4% compared with late July 2025
• 19% below late July 2019 levels
• 15% below June 30, 2026

The law of supply and demand remains alive and well. With fewer homes available for purchase, prices should continue to edge upward, although at a more modest and sustainable pace than we've experienced in previous years.

A fair number of buyers still seem to be waiting for a real estate apocalypse. It's not happening. 

Others continue to wait for mortgage rates to decline significantly. That appears increasingly unlikely as long-term U.S. Treasury yields continue to trend higher. Waiting on the sidelines has not produced the fire-sale bargains many buyers were hoping for.

Sales Activity

Through June 30, 2026, Sedona recorded 220 existing single-family home sales, a 9% increase over the same period in 2025. Strong activity during April and May helped drive those gains.

The market, however, has cooled somewhat this summer more than usual. Closed and pending sales slowed sharply in June and July compared with the pace seen earlier this year. We expect the year-over-year increase to moderate to approximately 4% by August.

Some of that can be attributed to  the  “Pocket Fire” in the Coconino National Forest seven miles north of town that drew national attention and occasionally blew heavy smoke our way as well as to Flagstaff from late June to early-July. The fire never really threatened Sedona itself but did come close enough to Oak Creek Canyon, the Seven Canyons golf community, and couple of areas south of Flagstaff to put residents there on evacuation alert. During that time tourism dwindled to nil and most potential real estate buyers postponed their visits.

Even with that slowdown, Sedona continues to outperform the broader national market. The National Association of Realtors reported a 2.49% decline in Existing-home sales nationwide during the first half of 2026, highlighting the relative strength of our local market.

View Historical Sedona Market Statistics Here

Prices Continue to Hold Firm

The Median Recorded Sales Price for existing Sedona single-family homes reached $1,131,100 as of June 30, 2026, representing a 3% increase from a year earlier.

By late July, the Median Recorded Sales Price has eased a bit to $1,125,000. If that figure holds through the end of the month, it would represent a year-over-year gain of approximately 2.3% over the  $1,100,000  we saw on July 31, 2025.

That increase mirrors the National Association of Realtors' forecast for Existing-home prices nationally and remains well below current inflation levels.

The good news for Sedona homeowners is that they continue to build and preserve equity as home values remain strong. While price appreciation is no longer occurring at the rapid pace seen in recent years, the stability of today's market provides a solid foundation for long-term wealth preservation.

Looking Ahead

For the remainder of 2026, I expect Sedona's housing market to remain balanced and fundamentally healthy. Limited inventory, steady demand, and stable financing costs should continue to support home values. Buyers will find more negotiating opportunities than they did during the pandemic-era frenzy, but there is little evidence to suggest a significant correction is on the horizon.

The Sedona market may not be exciting by historical standards—and that's actually good news. Balanced markets tend to be the most sustainable, benefiting both buyers and sellers alike.