Audio of the article was made possible by the CAST11 Prescott Podcast Network. Production of Talking Glass Media. |
Prescott Area Real Estate Association (PAAR) publishes monthly updates showing December home sales in key areas of Yavapai County, including Prescott Valley, Prescott, Chino Valley and Dewey Humboldt. Here is a summary of quad city home sales market statistics in central Arizona.
For all PAARs in December 2022:
- Total Sales: 264
- New list: 310
- Active Inventory: 910
- Inventory Months: 3.4
- Median selling price: $445,000
- Average days in market: 51
Prescott December 2022:
- Total sales: 113
- New list: 112
- Active Inventory: 335
- Months in stock: 3
- Median selling price: $560,218
- Average days in market: 34
Prescott Valley in December 2022:
- Total Sales: 83
- New list: 77
- Active Inventory: 215
- Inventory Months: 2.6
- Median selling price: $427,500
- Average days in market: 63
Chino Valley in December 2022:
- Total Sales: 25
- New list: 40
- Active Inventory: 74
- Months in stock: 3
- Median selling price: $390,000
- Average days in market: 54
Dewey Humboldt December 2022:
- Total sales: 17
- New list: 18
- Active Inventory: 69
- Inventory Months: 4.1
- Median selling price: $380,000
- Average days on market: 53
The chart below contains the following information:
- Sold – The number of property listings sold in the last month.
- Median Days on Market – The median number of days the property was on the market from listing date to signing date.
- New Listings – Number of new property listings added to MLS during the month
- Median List Price – The median (middle) price property listed in the MLS for the month
A detailed report is available at: https://dashboards.domusanalytics.com/v/PrescottInfographic When https://dashboards.domusanalytics.com/v/PrescottInfographicArea
Healthy Exit of Quad Cities Housing Market in 2022: What to Expect in 2023.
As of the end of 2022, the Quad Cities housing market remained enviably healthy, according to a housing report released today by the Prescott Area Association of REALTORS® (PAAR).
Some homeowners may see a 15.8% decline in total sales from 2021 to 2022 as cause for concern, but it’s rarely that simple. Months of inventory, a key indicator of a healthy housing market, increased from 0.9 months at the end of 2021 to 3.4 months at the end of 2022. The numbers indicate it’s still a seller’s market, but the available listings may grow over time. Buyers have more choices and more bargaining power.
Additionally, the median average selling price across Quad Cities continued to grow at $417,500. End-of-2022 data showed a record $450,000 median selling price across all regions. Property owners can expect to keep the assets and values gained in the last 12 months.
“REALTORS® takes great pride in researching and preparing what clients may need based on current market conditions,” said M. Faye Humphrey, 2023 PAAR President. .
“The Quad Cities real estate market seems to welcome more competition,” Humphrey added. You should look for agents who have experience navigating this type of market before. ”
Overall, the data show that resident housing deals are still strong this year.
Editor’s Note: All data are compiled from the Prescott Area Association’s Multiple Listing Service of REALTORS® single-family, manufactured, mobile, modular, condominium, and townhouse homes in Prescott, Prescott Valley, Chino Valley, and Dewey. Includes activities.Humboldt
View more properties available in commercial real estate upon Signals A Z.com.
