U P D A T E D -- This study was made in order to communicate the conditions of the market for in the Prescott Area. This area includes everything in Yavapai County on the Prescott side of Mingus Mountain. This study concentrates on site-built single family homes. The chart below shows the number of sales Sold (closed) month by month and the number of homes Added to the market month by month. Net homes Added was derived by subtracting expired listings and withdrawn listings from the number of new listings.

Prescott Real Estate Market Statistics

From the chart above it can be seen that the number of homes coming on the market each month, identified as Added, dropped from a high of around 380 to a loss of 28 in December of '06. Notice that there is a decrease in the number Added in the fall of both 2005 and 2006.

Indeed, every month from January 2006 through June 2006, around twice as many homes were Added to the market as were Sold. It is encouraging that the number of homes Added from September through November decreased and even showed a loss in homes added in December.
See the month-by-month market summary for SBSFs

See the month-by-month market summary for Vacant Land

This information is deemed reliable but not guaranteed. These charts were derived from the MLS Records of the Prescott Area Association of Realtors®. This summary covers only those sales that are reported through the Prescott Area Association of Realtors®. Detailed data on which the charts were based is available upon request. Copyright 2007 by John Mosier. Permission to copy or fax freely is given provided NOTHING is changed. All Information is approximate. Summaries were created by John Mosier, Keller Williams® Check Realty.

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