Dove Mountain Marana Market Snapshot for February 2015
In the Dove Mountain area, real estate is looking positive!
Inventory is up 8% from a year ago as well as a 240, yes 240% increase in closings from February stats in 2014.
Months of Inventory has dropped to a more manageable level of about 9 months, versus almost 29 months of a year ago. This means that the average house at the average price will currently take 9 months to sell.
Median price of sold homes is up 15% from a year ago as well.
What does this all mean? It means there is a little more inventory, homes are selling quite a bit more quickly, and prices are going up. Depending on whether you are looking to buy or sell in Dove Mountain, talk to a real estate professional about the right choices for you!
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