August 2018 Prescott Area Market Review

Dated: 09/07/2018

Views: 245

The real estate market in Prescott and surrounding towns saw a slight decrease in average sold price and inventory levels for the month of August. 

Prescott days on market dropped, as well as the average sold price. Homes are still selling at an average of 98% of asking price. Prescott inventory levels saw a slight decrease. Now just under 4 months of inventory.

Prescott Valley saw an increase in the average sales price. Highest average sold price all year. Holding at just 2 months worth of inventory.

Chino Valley held steady with their average sold price. Inventory levels had a slight increase from 1.88 months of inventory to 2.20 months in August. 

Subscribe Button Click on Subscribe button to receive our reports in your Inbox.

Blog author image


Jodi King was born and raised in Prescott AZ. As a hometown local she looks forward to showing off her favorite town to those who are new to the area. Our area offers plenty of outdoor recreation on t....

Latest Blog Posts

Top 8 Home Design and Remodeling Trends for 2019

Top 8 Home Design and Remodeling Trends for 2019If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design.Sellers who make

Read More

January 2019 Prescott Area Market Review

January 2019 Market ReviewThe number of new listings saw a large increase in January over December, but the number of sold homes was down. The average sold price for the Tri-City area held steady

Read More

Bad Selling Advice

Check out this great info about some old school selling tips that are no longer working.  Give me a call if you would like to implement some new school advice.;

Read More

Prescott Lakes New Construction 3 bed 2.5 bath 3 car garage

New SINGLE LEVEL home under construction with a VIEW of the Prescott Dells in Prescott Lakes subdivision on a Cul-De-Sac. Upgraded finishes including granite counters, full length covered back patio

Read More