What’s Happening In The Real Estate Market? Month To Month Comparison

"Talking Glass" Audible Stories on Signals AZ made possible by The Fain Signature Group - Celebrating 60 Years of Community Building

What’s going to happen in the next few months in the Prescott Valley and Prescott real estate market? These are unprecedented times – at this point, we simply do not know. Anyone who claims to have an accurate answer to that question must have a crystal ball, or some other trick up his/her sleeve. But, here’s what we do know thus far:

– Our phones are still ringing! Buyers and Sellers are remaining optimistic, and real estate transactions are continuing to take place.
– Transactions may take a bit longer than usual to close. Due to adherence to strict virus guidelines, it may take a bit longer to complete the escrow process. Out of respect for all professionals involved – agents, the title company, lenders, inspectors, etc. – we are now recommending 45-day escrow periods instead of the typical 30-day period. (Cash transactions may still be able to close in 30 days).
– Patience and compassion are necessary during this trying stretch. In the last week, we’ve had both Buyers and Sellers want to take a step back from transactions underway. This approach is absolutely understandable. We will all get through this together.
– Take a look at the comparison numbers below – so far, so good.

Single Family Homes

PRESCOTT VALLEY, ARIZONA
Month to Month Market Report

PRESCOTT, ARIZONA
Month to Month Market Report

Questions? Please ask in the comments below, and we’ll do our best to find the answers! ~ Gwen and Elena, LUXE Real Estate Group – Luxury Prescott

If you like this story, consider subscribing to Signals Updates, Entertainment Events & News!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.