Prescott Real Estate market update, June 12th, 2009
June 12th, 2009 categories: Prescott Market Statistics, Real Estate News
Below is the monthly update for the Prescott Real Estate Market.
Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed at the current rate of sales.
| Price Range | Residential Properties On The Market | Closed Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 231 | 31 | 7.45 Months |
| $300,001 to $500,000 | 334 | 14 | 23.8 Months |
| $500,001 to $800,000 | 213 | 4 | 34.8 Months |
| $800,001 to $100,000,000 | 69 | 2 | 53.25 Months |
| $100,000,001 and above | 68 | 0 | 68 Months |
| Totals | 915 | 51 | 17 Months |
Prescott Real Estate- Year to Date Sales Information
| Property Type | Listings For Sale |
Current Pending Sales |
Closed Sales Year To Date |
|---|---|---|---|
|
Single family Residential |
931 | 131 | 218 |
| Vacant Land |
1,452 | 10 | 22 |
| Condos & Town Homes & Patio Homes |
141 | 13 | 18 |
| Multi Family Properties |
26 | 0 | 4 |
| Commercial Properties |
209 | 6 | 4 |
| Business Opportunities |
11 | 0 | 1 |
The information provided is courtesy of the Prescott Area Association of Realtor MLS. This information is deemed reliable but not guaranteed.
If you would like more information on the Prescott Real Estate market, please contact us at 928.778.4492 or e-mail us at info@thehuffmangroup.com
