Home sales experienced a favorable boost as a result of the increased inventory.
Prescott's overall sales rose by 4.0% in June 2023 compared to the previous month. The real estate market is also showing signs of improvement, with a smaller decrease of 4.8% in home sales in June, compared to a larger 13.9% decrease in May. It is worth noting that the total number of homes sold increased significantly from 346 in May to 375 in June.
There has been a significant surge in months of inventory in the Quad Cities and neighboring regions, with a whopping 23.1% increase as compared to the previous year. The inventory has gone up from 2.6 months in June 2022 to 3.6 months during the same period this year.
It's great to see that the housing market is doing well, with an average of three offers per listing! This is despite the fact that pending contract signings are moving a bit slowly at the moment. A shortage of inventory is still a factor, both nationally and here at home, but we hope to see this ease as we enter the fall season.
When it comes to buying or selling a home, talk to a real estate agent who knows their stuff and can help you navigate the process. They'll be able to give you the inside scoop and help you make smart choices. Reach out to a trusted agent today!
Contact us any time with your questions at 928-830-0151.
Girls Night Out PRESCOTT Adult Field Day! July 15, 2023
This will be a 18+ event for women, with various activities such as team building, possibly crafts, and more to really dive into that child energy that we don't access much as adult. LEARN MORE
Breakfast with Birders – Prescott Audubon Society July 19, 2023
BYOB – Bring Your Own Breakfast to meet with fellow birders for conversation, breakfast, and birds. This is an unstructured gathering to start your day off with friends and birds. LEARN MORE
Golf Tournament at StoneRidge July 28, 2023
Escape the heat to play golf in the cooler tempatures at StoneRidge in Prescott for the July Golf & Grow 18-Hole tournament. LEARN MORE
The 18-hole "Prescott Lakes" course at the The Club At Prescott Lakes facility in Prescott, Arizona features 7,216 yards of golf from the longest tees for a par of 72. The course rating is 72.7 and it has a slope rating of 132 on Blue grass. Designed by Hale Irwin, the Prescott Lakes golf course opened in 2000. Century Golf Partners / Arnold Palmer Golf Management manages this facility, with Greg Paydock as the General Manager.
Wondering if it makes sense to buy a home today even when inflation is high? Here are two things to consider.
When inflation is up, having a stable housing payment can be helpful. Let's connect so you can learn more and start your journey to owning a home today.
Sources: Freddie Mac, BLS, U.S. Inflation Calculator, Avail
If you're looking for a hearty breakfast experience, look no further than Salt & Pepper Café in Prescott, Arizona. This fantastic restaurant is the perfect spot to start your day off right. Whether you're in the mood for classic pancakes and eggs or something a little more unique, like Cannoli French Toast, Salmon Bruschetta or their infamous Monte Cristo Brioche Toast, Salt & Pepper Café has got you covered. Even their breakfast burritos and Chilaquilas are crowd favorites. Did we mention they offer delicious lunch, too? With a diverse menu, you won't regret checking it out!
Eco-Friendly, Energy-Efficient Homes Attract Buyers
Are you planning to sell your house? If so, you may be surprised to hear just how much buyers value energy efficiency and eco-friendly features today. This is especially true as summer officially kicks off...
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
