Prescott AZ and surrounding towns experienced more shifts in September. We saw an increase in the months' worth of inventory available for sale to 3.21 months. This is the highest total inventory
Prescott Area February 2018 Market Review
The Prescott area residential real estate market saw an overall increase of months worth of inventory. At 3.27 months of inventory it is still well below the median 6 months indicator of a "balanced" market. Less than six months of inventory suggests a "Sellers Market" because there is less inventory than there is buyer demand.
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The residential rental market is now the fastest-growing segment of the housing market. In the United States, the demand for single-family rentals, defined as either detached homes or townhouses,