Tucson Housing Report for Year End 2015
The year 2015 in review. Thinking of buying or selling a home in Tucson, AZ and wondering about the market? You wouldn't be the first to ask! My phone has been busy ringing through all of December and folks are hoping we have a crystal ball. :)
Here's a little insight statistically on what's going on with Real Estate in the greater areas of Tucson, AZ according to our Tucson Multiple Listing Service.
It's not my imagination when I personally thought, "Wow, things are busy". Total sales volume from November to December rose close to 39%. Whew! Folks are wanting to move to Tucson!
Sales price also went up, the average rising from $209,485 for your Tucson residence to $211,485. List price went hand in hand with that, rising just over 2% in one month's time.
Interestingly enough, figures show that December 2015 was 23.47% busier than a year ago same time in terms of sales under contract, but yet that number was down almost 12% from November 2015. I'd bet a great deal to do with that is the fact that we are still searching for listings. Our inventory is not quite what we'd like it to be. Is it a good time to sell your home? Yes.
Overall, sales are up, median prices are up, but inventory is down. Listings continue to drop almost another 8% since November. Days on the market continue to drop as well.
Do you need a market analysis of your home to see what's going on in your neighborhood?
There are so many ways I can help keep you informed in regards to your current home values. In addition, I'm happy to stop by your home to help you determine your current market values.
You can click here to do your own quick evaluation with three different home values on your home:
Want a Marana or Tucson housing report for your area of town? I can help with that!
Looking for homes and want the convenience of community prices and information right at your fingertips? I've got an ap for that!
I'm excited about the housing possibilities in Tucson for 2015. Whether you're ready to list and sell your home, or are hoping to move to our fair city - I'm here, ready to help. 520-909-2988