Market Snapshot - May 14, 2009 - from Flagstaff Arizona

One new listing. Discernable progress on closing scheduled for next week. Problems with final underwriting conditions on two closings scheduled for this week. And still a closing hanging over from last week -- lender delays but assurances that all is "alright." What a day in Flagstaff real estate! More info on reasons for home loan closing delays here.

Here's what happened on Thursday in the Northern Arizona real estate market:

New Listings	16
Back on Market	7
Price Increases	0
Price Reductions	16
Contingents	6
Pendings	1
Solds	2
Expireds	5
Inactives	4

Information in the chart is complied by and based upon multiple-listing-service data from the Northern Arizona Association of Realtors® and is deemed reliable for sales reported to the association, but is not guaranteed and does not include all sales in the market area. This information covers all areas of Northern Arizona including Flagstaff, Parks, Williams, Winslow, Ashfork, Munds Park, Sedona and others.

April single-family-home sales in Flagstaff: Statistics and analysis here.

If you know anyone who wants to buy or sell Flagstaff real estate, send them to our website to get started: BestFlagstaffHomes.com -- from there they can search all listings in Flagstaff -- or have them give Team Heitland at RE/MAX Peak Properties a call at 928-714-0001. For more information on Flagstaff houses, give us a call.