Prescott is and has been a growing community for many years. Weather, quality of life, and economic opportunity bring people and families to Prescott. As a result, home building has been an important construction activity. As the Prescott housing market regains its standing after the national recession, homebuilding is returning to the marketplace. The housing market continues to show improvement. Year-To-Date-Pending Sales are up 12.2 percent over the same time period in 2015. The January 2016 median sales price for a single-family home in the Prescott Region was $245,000 and $337,45000 in Prescott. The January inventory of active single-family listings for the region exceeds 1,200 homes. Finally, the days-on-the-market (to contract) comes in at 74 days for the Prescott region. The housing market provides a broad range of prices that can serve the needs of first-time home buyers and corporate executives.