Prescott March Review

11Apr08

Inventory levels pushed up in March to just a little over 3000. Land inventory went up as well to about 3700.

Closings were up slightly with 134 in March ( 53 in Prescott, 40 in Prescott Valley and 19 in Chino Valley and 22 in outlying areas) still giviing us over 2 years of inventory.

Vacant land had 25 closing in March with average days on market of 306.

The bargains available for buyers continue to grow and interest rates are very favorable. Spring is traditionally a busy time in real estate so the next few months should give us a good indication of where we are in the market cycle.

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