Updated
Updated · Signals AZ · Aug 6
PAAR Reports 371 July Home Sales in Arizona Quad Cities as Median Price Hits $482,000
Updated
Updated · Signals AZ · Aug 6

PAAR Reports 371 July Home Sales in Arizona Quad Cities as Median Price Hits $482,000

1 articles · Updated · Signals AZ · Aug 6

Summary

  • 371 homes sold across PAAR’s Quad Cities market in July, with 505 new listings, 1,629 active listings and a regional median sold price of $482,000.
  • 4.9 months of inventory and a 39-day median time on market pointed to a better-supplied market than tighter conditions, with Prescott posting 5.1 months of inventory and Prescott Valley 4.0.
  • Prescott led local activity with 157 sales and a $599,900 median sold price, the highest among the four communities tracked.
  • Prescott Valley recorded 95 sales at a $480,000 median price, while Chino Valley logged 35 sales at $421,320 and Dewey-Humboldt 18 sales at $425,000.

Insights

Why are homes in Prescott Valley selling significantly faster than neighboring cities despite a broader regional real estate slowdown?
What hidden strategies are sellers using to successfully close deals in Prescott's increasingly competitive and cooling housing market?
As the Quad Cities shift toward a buyer-friendly landscape, how will this housing stabilization impact local economic growth?