It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates,
June 2019 Real Estate Market Review
Dated: July 3 2019
Views: 433
Prescott Market Review June 2019
Highpoints:
- Inventory Levels Still Lower than Buyer Demand
- Sold Prices Holding Steady with Slight Decreases
- Homes are Selling Faster
- Low Interest Rates May Contribute to Increased Buyer Demand
We have also experienced an increased demand from investors. They are looking to purchase traditional rental and vacation rental homes.
Homes that are "fixer-uppers", which need updating and deferred maintanence items addressed, do not appeal to the largest segment of buyers who prefer move-in ready. The old "sweat equity" method no longer appeals to the majority of current homebuyers. However, there are investors interested in these homes, but they must be priced accordingly.
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JODI KING
Jodi King was born and raised in Prescott AZ. As a hometown local she looks forward to showing off her favorite town to those who are new to the area. Our area offers plenty of outdoor recreation on t....
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All information deemed reliable, but not guaranteed.Listing data provided & copyrighted © by (PAAR) Prescott Area Association of REALTORS®
