A brief description of the six charts showing home sale trends for Prescott, AZ during the 13 months shown:
1. Number of Sold Listing: The average number of homes sold per month was 165. Median Price of Sold Homes: The average price of homes sold was $518,665. 3. Median Price Per Square Foot of Sold Homes: The average price per Sq. Ft. was $256 4.Median Agent Days on Market: The average days on market were 12 days. 5. Number of Active Listings: The average number of active listings was 180. Absorption Rate: The average absorption rate for Prescott is 1.09. The rate is calculated by dividing the number of homes sold each month by the number of available homes. For example, an absorption rate of 3 equals three months of inventory. As of November 1, 2021, Prescott has 182 Active listings, 91 Active w/Contingency and 184 pending listings.
Based on information from the Prescott Area Association of Realtors for the dates listed. Information is deemed to be reliable, but not guaranteed.
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