Take a look at our latest market overview below and you'll see that Prescott area real estate remains in really great shape, in spite of recent steep mortgage rate hikes.

It all points to the fact that it's a great time to be selling your home right now. Arguably the biggest mistake at the moment is to play a waiting game in the hope that things will get even better.

As our overview demonstrates, inventory is starting to increase, which means progressively more competition for buyers and Federal Reserve anti-inflation measures are likely to stay in place for some time to come, putting yet more pressure on mortgage rates.

For now, at least, the days of ultra-low mortgage rates are behind us and the market seems to be normalizing again.

And it's also quite likely that things are going to get worse before they get better, in terms of negative market influences.

Listing right now means that you're still able to take advantage of the tremendous momentum that has built up in our market. And while it shows no signs at all of collapse, choppier waters are very likely ahead of us, so stalling your home sale in the hope of even better returns isn't the wisest strategy.

Why not contact us today at 928-910-7032 and find out more about why acting now could very well be your smartest move.

April 2022 Market Overview

Our market is proving incredibly resilient to the negative pressures facing real estate on a national scale at present.

Homes are selling faster than a year ago, when mortgage rates were considerably lower than they are at the moment.

And there have also been some significant double digit year-on-year increases in average home sale prices across the three main regions of Prescott, Prescott Valley and Chino Valley.

Taking the area as a whole, more homes are being sold than a year ago too!

These are remarkable statistics by any measure, at a time when inventory of available homes for sale is growing.

A key point about inventory is that it has been too low for too long and more choice is a good thing for buyers, who have often struggled to find the ideal home in recent years. It could indeed be argued that a better selection of homes is motivational for many buyers and it could encourage some who had given up on finding the right home to begin searching again.