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Prescott home prices decline as inventory and days on market rise
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Prescott home prices decline as inventory and days on market rise
Median list prices in the Prescott metro dropped from $699,250 to $584,900 year-over-year while active listings surged 30.5% to 1,663 homes, marking a sharp reversal in this Arizona mountain market. The price correction represents a significant decline as sellers race to adjust expectations in a shifting landscape. Properties now sit on the market for a median of 91 days, up from 77 days a year ago and above both Arizona’s 77-day median and the …
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