Click play to listen to the updated land for sale data from the local MLS!

Hello everyone, I'm Rachel Gibson, REALTOR® here in Kingman, Arizona. Today, I want to provide you with a market update for land for sale currently in Kingman, AZ

Let's dive into the data. Currently, we have a 12.6 Months Supply of Land Inventory in Kingman. This means that it would take 12.6 months to sell all the current listings if no new listings were added. However, over the last 12 months, we have seen a decrease of 10% in Months Supply of Inventory, indicating a trend towards a more balanced market.

The List to Sold Price percentage stands at 92.2%, showing that sellers are receiving, on average, 92.2% of their asking price. This is a strong indicator of a competitive market, where sellers have some negotiating power.

The median days on the ...