RE/MAX Mountain Properties Joe Karcie
Prescott, AZ
Home > Prescott Real Estate Market
Spring 2020 Market Update
Happy Spring! As the temperatures increase usually we are seeing inventory levels increase as well. However, this Spring is an unprecedented one as we watch and wait to see what the effects of COVID-19 are on our local real estate market. Interest rates have remained low still giving buyers an incentive to jump into the market.
Average Sold Home Price: $450,000

Average Time on Market: 60-90 days

Best Selling Price Range: $350,000 - $399,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Increasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: No Change

Seller Activity for the past 90 days: No Change

Multiple Offers? No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Population Growth

Nearest Metro Area: Phoenix

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Joe Karcie
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Mortgage Rates for Apr 6th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Joe Karcie Joe Karcie
RE/MAX Mountain Properties
Specializing in Prescott Real Estate
731 West Gurley Street
Prescott, Arizona 86305
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(Because current market conditions can change rapidly in any given marketplace,
please check with Joe Karcie for current Prescott, AZ market conditions before acting on this information.)
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