A brief description of the six charts showing home sale trends for Prescott, AZ during the 13 months shown:  NOTE, The last bar shows the average of all 13 months.  At a glance, you can see if the market trend is above or below the average.
1. Number of Sold Listing: The average number of homes sold per month was 154. Median Price of Sold Homes: The average price of homes sold was $584,510. Median Price Per Square Foot of Sold Homes: The average price per sq. ft. was 298. Median Agent Days on Market: The average number of days on market was 11 days. 5. Number of Active Listings: The average number of active listings was 214. Absorption Rate: The absorption rate for Prescott averages 1.4 over the last 13 months.  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 August 1, 2022, Prescott has 289 Active Listings. 

Prescott Home Sale Trends for the year 2021: Number of homes sold, 1,989, Median price $529,900, Median price per square feet $267, and Median agent days on the market 10.

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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Home Sale Trends