Prices rise on Prescott Valley homes as supply lags, although higher interest rates could alter landscape

The Jasper community is one of the newest subdivisions in Prescott Valley, which is located on the town’s west side. The Prescott Area Association of Realtors (PAAR) reported in June 2022 that Prescott Valley’s median home sales price in May 2022 rose 16.9% from the same time in 2021, climbing to $467,500. (Prescott News Network file)

The Jasper community is one of the newest subdivisions in Prescott Valley, which is located on the town’s west side. The Prescott Area Association of Realtors (PAAR) reported in June 2022 that Prescott Valley’s median home sales price in May 2022 rose 16.9% from the same time in 2021, climbing to $467,500. (Prescott News Network file)

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