How is the Prescott Real Estate Market Doing?

The chart below is pretty telling as to the ever changing home sales prices in the Prescott real estate market.  As you can see there has been some positive movement in the last few years and we can say that the bottom of the market in 2011 was a good sign that there are still people out there buying homes.


We will always see new buyers come into the real estate market and as long as Prescott continues to be a place of retirement, we will continue to see home sales move higher.  The housing bubble was detrimental to the Prescott area, but the bursting of the bubble helped those individuals looking to purchase a home at a lower price.  Now that those individuals who purchased in 2011 are stable in their home growing their equity with time and payments they are able to stabilize the real estate market even more and help home values rise.


Take time to review this chart and if you have any questions please contact Luther at 928-275-1657.


The ever changing statistics of the Prescott Real Estate Market