As you can see from the chart below we had a slight drop in Median Home Sales Price for the month of March. There are several factors that can attribute to this slight pull back. One major factor that we know of was that April 15th kept some buyers out of the market until they knew what the IRS was going to take.
Overall a slight pull back like this is not the end of the world. We have seen great year-over-year growth and a small correction is expected. Prescott did see a large correction in the downturn, but has since rebounded nicely.
For more information or statistics contact Luther Kraxberger at 928-275-1657 or luther@kw.com.
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