Realty Times - Prescott, Arizona Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Arizona > Prescott
Yavapai Hills

Market Conditions Summary for Prescott, Arizona

Reported by

Joe Karcie
as of 4/28/2012:

Inventory levels have now gotten under control (actually low) which will help to level our market place and hopefully bring back some appreciation. We need to continue to watch the distress sales and the rate at which the banks are releasing their... MORE->
About Joe Karcie

Reported by
Linda De Fusco
as of 10/3/2010:

REO and short sale listings account for about 20% of our inventory, and REO/short sale sales are hovering between 35-40% of our total market. Buyers are seeking the great buys. Once again, more traditional and higher priced properties are going to... MORE->

Reported by
Linda De Fusco
as of 8/1/2010:

Pressure on prices remain unchanged in a slightly downward trend, but sellers are more strongly holding their prices up. They are generally removing themselves from the market place. I am anticipating that this will stop the downward price spiral in... MORE->

Reported by
Linda De Fusco
as of 6/28/2010:

Prices have continued to drop and rates are at historical lows, creating a strong interest by bargain hunters and first time home buyers. The tax credit is gone, but the demand is still out there. More calls are coming in and more contracts are... MORE->

Average Current Market Rating: 2.3 (4 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.3 (4 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Arizona > Prescott
Yavapai Hills

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

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