New Downward Trend in Contracts for Prescott Real Estate Market

Over the last 30 days, the Prescott market was steady and saw two homes sold. However, the number of pending transactions continued to decline, with a total of one transaction during the same period. While contracts numbers were weak, the median sales price of those homes came in at $159,953, which extended a downward swing in price to four weeks. With a downward trend in contracts numbers and prices, and 20 months of inventory still left to work through, Prescott is a definite buyer's market.

If you have a tight budget for your next home, begin the search with these low-cost listings in Prescott:

$112K   $125K   $129K  

Get started right now by checking out Prescott homes for sale or reviewing Prescott real estate trends.

Demographic facts about Prescott:

  • The average age is 36 years old for the population in this area.
  • The health cost index score in this area is 104.8. (100 = national average)
  • The commute times can range from: <15 min (23.7%), 15-29 min (33.0%), 30-44 min (24.5%), 45-59 min (12.8%), >60 min (6.1%).

Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Coldwell Banker Burnet
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.