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 home sales for the month of January 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 January 2023:
- Total Sales: 204
- New list: 368
- Active Inventory: 895
- Inventory Months: 4.4
- Median selling price: $427,000
- Average days in market: 58
Prescott in January 2023:
- Total sales: 69
- New list: 149
- Active Inventory: 350
- Inventory Months: 5.1
- Median selling price: $515,000
- Average days in market: 59
Prescott Valley in January 2023:
- Total sales: 78
- New list: 104
- Active Inventory: 199
- Inventory Months: 2.6
- Median selling price: $456,340
- Average days in market: 58
Chino Valley in January 2023:
- Total sales: 14
- New list: 33
- Active Inventory: 76
- Inventory Months: 5.4
- Median selling price: $364,500
- Average days in market: 58
Dewey Humboldt in January 2023:
- Total sales: 13
- New list: 26
- Active Inventory: 62
- Inventory Months: 4.8
- Median selling price: $385,000
- Average days in market: 50
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 and https://dashboards.domusanalytics.com/v/PrescottInfographicArea
Quad Cities 2023 housing market gets off to a strong start
Prescott, Ariz. – February 7, 2023 – The local real estate market remains stable despite a significant difference from this time last year, the Prescott Area Association of REALTORS® (PAAR) announced today. According to the Housing Report.
Average sales prices across all regions rose 1.7% in January, with Prescott Valley leading the quad cities with a 9.3% increase. Regions where median selling prices fell were, thankfully, in single digits.
More importantly, active inventory increased across all regions last month for an average of 4.4 months across quad cities. Chino Valley topped the list with his 5.4 months stock, followed by Prescott (5.1 months) and Dewey Humboldt (4.8 months). Prescott Valley closed his January and the stock only recorded his 2.6 months. Note that these numbers are still encouraging when compared to last year’s time, when a prospect’s active inventory was below his 30 days in all four regions.
“An experienced REALTOR® can read current market conditions and come up with personalized strategies to help you achieve the best results in your trading,” said M. Faye Humphrey, 2023 PAAR President. increase.
“Floating numbers are a hallmark of the housing industry,” Humphrey added.
While the data is very different from what residents saw this time last year, the Quad Cities housing market continues to serve as a solid foundation for community success.
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
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