Inventory of Site-Built Listings Over Sold Activity

The blue bar reflects the current inventory of site built single family home listings in the total Prescott Area Association of Realtors geographical area. The red bar indicates the number of sold listings in the specific period indicated. You will note that sales for June were DOWN 8% compared to June 2011, and DOWN 10% from May 2012. Based upon the historical data presented, a 5.35 month supply of listings currently exists; this is UP ½ month from May’s numbers. Out of the 212 sales 23% were REO/Bank Owned, 9% were Short Sales and 68% were Non-Distressed sales. Thus 32% were Bank Controlled sales. A total of 348 new listings came onto the market for the month of June.

Source: PAAR, Geoff Hyland, Paul Schneider| RE/MAX Mountain Properties