2017 Mid-Year Housing Report for Tucson and Southern Arizona
Powered by the Long Realty Market Research Team and provided by Charles Weasner and Steve Redmond
Associate Brokers with Long Realty Foothills.
6 Months of Tucson Home Prices
Contained here is a look at how the Tucson Housing Market has performed in the first 6 months of 2017. The Long Realty Market Research Team painstakingly pulled together statistics from all avenues of Real Estate and produced a Mid-Year Housing Report that highlights Market Trends in the Tucson Housing Market.
What are homes selling for in Tucson, Arizona?
Never been a better time to see what homes are selling for in Tucson If you are interested in how much current inventory is on the market in Tucson you can find that information by clicking on the link. In the past 6 months we’ve sold just under 5% more homes than in the first 6 months of 2016. Inventory is shrinking which makes this a seller’s market in homes priced under $500,000. Buyer’s in this market need to be well prepared in order to take advantage of a ‘Good Buy’ when they see one. This is a good time to arm yourself with a seasoned professional who knows the market and a good value.
Tucson Foothills Real Estate Report Summary
Months of Inventory is 3.3% down from 4.9% in May 2016.
The median sale price in August for single family homes is $330,000. Up 4% from May 2016.
The number of homes closed through May 31st was 146, up 8% from May 2016.
The level of new properties under contract (150) is virtually unchanged from May 2016.
Year to date there have been 664 closings a 14% increase from the same year to date period in 2016.
Find Homes for Sale in Tucson
Visit our website to search for homes in the Tucson Foothills or to be notified when Tucson Foothills Homes come on the market.
To get three estimates of what you home is worth in the current market CLICK HERE or for a more accurate assessment call 520-906-8103.