Residential properties in the Verde Valley reached a median price of $345,169 in Jan-Apr 2020, +10.4% above year-ago (YA) despite a slowdown in March/April due to COVID-19. Clarkdale came at the top with a growth of 20.5% vs. YA, followed by Camp Verde (18.8%) and Sedona (15.5%). In terms of units sold, all cities were below YA with the exception of Camp Verde which had a growth of 20.9% vs. YA. There was a significant decline in new listings across the board due to COVID-19, with a -40% decline vs. YA in the Verde Valley. This is helping keep the price of properties high (Verde Valley median sold price in April was +8% vs. YA). On the vacant lot front, the number of vacant lots sold in Jan-Apr in the Verde Valley was 116, -16.5% vs. YA and the median sold price was $80,000, up 16.8% vs. YA. For Sedona the change percentages were similar but the median sale price of lots was much higher at $196,500 on 41 sold lots. In the last couple of weeks, we are seeing a reactivation of showings and new contracts as compared to the previous weeks where new buyer activity was minimal.