Housing Market in the Oro Valley, Arizona

The primary reason for buying or selling in the Oro Valley is relocation.  During the summer of 2007, the greatest activity was in the single family market and those homes sold garnered approximately 90% – 95% of the listed price even though some were on the market for 120 days.

There seems to be a good supply of homes in all price ranges with the average price being $275,000 for a single family home.  Compared to last year, this represents a decrease of only about 5%.  Most sellers receive more than one offer from buyers since there are more buyers than sellers this summer.

According to Don and Kathy Vallee of Re/Max All Executives, "Houses are selling, but not with the mania we saw a year ago. Inflated prices and high inventory will restrict the housing market a while longer."

Don and Kathy believe it will take a while for the market to rebuild, but it will ultimately have a strong rebound. If you have any questions regarding the housing market in the Oro Valley area, please call Don or Kathy Vallee at 520-219-1024.  They will be happy to discuss your concerns or questions.

« The Public Library in Oro Valley, AZ | Home | Tucson Valley Team – Tucson’s Most Trusted Realtor »

• Search for:

• Subscribe

  Enter your email address:

  Delivered by FeedBurner

• Recent Posts

  • Signs of the Housing Recovery; Inventory is Shrinking and List Prices are Rising
  • Snapshot of Tucson Housing Market for April 2012
  • Do You Want to Become a Landlord?
  • How Much is My Home Worth?
  • It’s Spring and It’s The Best Time to Sell Your Home

• Archives

  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007