Prescott, AZ home prices and housing market

Prescott home values went nowhere this year, and one in four sellers is cutting price just to find a buyer. If you are thinking about selling in Prescott, that standoff between asking prices and reality is the whole story, so here is what the numbers say. A typical Prescott home is worth about five hundred seventy-seven thousand dollars right now, and that figure has not moved at all over the past year, literally zero percent growth. Meanwhile, the typical listing is asking around seven hundred thousand dollars, roughly one hundred twenty thousand dollars above what homes are actually valued at. Here is the catch. Buyers are not paying the gap. Homes are sitting about seventy-two days before selling, a quarter of active listings have already cut their price, and there are about 660 homes on the market with roughly 175 more arriving this month. So the practical takeaway is simple. If you price at the market instead of above it, you sell; if you price at the dream number, you join the quarter cutting later. Find out what your Prescott home is really worth with a free estimate at Home Value Pros dot com.