South West Prescott Area
Real Estate Market Summary
The South West Prescott Area is leaning towards a buyer’s market.
The inventory is dropping a bit. Was around 60, now 50.
The listing prices are remaining steady, but the sold prices are down. Sold to List Ratio is fading downward.
The Price Volume is down and headed down, compared to last year.
The Absorption Rate is staying higher. Was 0.7, now 3.2, over 4 times as high as a year ago.
This area is not selling a lot of properties and the prices are dropping.
The Days On Market is all over. Was high, then dropped dramatically.
| Sold Price (Average) | $762,500 |
| Listing Price (Average) | $1,080,190 |
| Active Listings | 50 |
| Sold Listings | 11 |
| Absorption Rate | 3.24 |
| Sold To List Ratio (Average) | 93.9% |
| Days On Market (Average) | 51.8 |
| Price Volume Active | $54,010,000 |
| Price Volume Sold | $5,750,000 |
