Debra Pauley
Associate Broker
Realty Executives Arizona Territory
“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown…This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”
With mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment.
Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply.” 08/10/2020 Chief Economist for National Association of Realtors.
Homes Actively on the Market: 655 |
Homes that are under Contract: 778 |
Closed Sales Last 6 Months 2,155 |
We currently have 1.82 months of inventory |
If your planning on a vist to Prescott and the Quad Cities, let's do some planning ahead so if you find that perfect home, your in a great position to seal the deal.
And while your in Prescott and the Quad Cities, be sure and have good fun!
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Five Great Lakes in Prescott Arizona
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