The real estate market in Prescott, Arizona is getting a little healthier. This chart below shows that equity sales are returning to around the same higher fraction they were in the last half of 2009.The chart also shows that short sales are only slightly higher at around 12% in the last couple of months while the 3-year average is close to 9%. The encouraging trend is that the sales of REOs (foreclosures) has decreased from a high of 50% to around 32% for the last couple of months. I think Prescott is a healthier market than many other parts of Arizona.
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