Archive for Market Update
Signs of the Housing Recovery; Inventory is Shrinking and List Prices are Rising
Signs of the residential housing recovery are popping up daily. The most rapid recoveries are the housing markets that were hardest hit, such as Metro Phoenix. Nationally we are seeing positive signs of recovery and a turning real estate market across all price points with the exception of a few weak housing markets. USA Today [...]
Snapshot of Tucson Housing Market for April 2012
Here’s a quick snapshot of the housing activity for last month. The supply of homes for sale is shrinking and there is not enough inventory to keep up with the Buyer’s demands…. this is known as a Seller’s market which we have not seen since before the housing bust. Home prices rise in a Seller’s [...]
The Housing Market in Tucson Has Turned!
The market in Tucson has turned! We have been waiting over 6 years to say this, but the data and trends point to a recent shift in the market. Inventory is down, sales are up – resulting in only 4.1 months of inventory. Even pricing is showing some early positive signs, with median price increasing [...]
RE/MAX Reports March home prices up 5.8% from last year
Home prices in the 53 largest cities increased 5.8% in March from the same month last year, according to a report from real estate association RE/MAX. The homes sold in March had a median sales price of $184,525. It was the second-straight month prices rose higher than the year-ago period. Before February, home prices landed [...]
Margret Kelly With RE/MAX Talks About National Housing Market
RE/MAX CEO Margret Kelly says, “National housing market is on the Rise.” Tucson is experiencing a sort of “boom”…anything under $250k has multiple offers. Just yesterday Realtor.com reported Tucson as one of the best places to buy real estate.
Tucson AZ Real Estate Market Update 2012
Tucson Housing Market Update 2012 Tucson AZ Real Estate Housing Market Update – February 2012 Tucson, Arizona housing market update for February 2012 statistics show the active inventory of 5,437 has decreased 22% from February 2011. The number of homes that closed in February 2012 was 1,019 which is an 18% increased over the same [...]
Tucson Arizona Housing Market News 2011
The University of Arizona, Economic Business and Research Center has just released the Economic news from 2011. The Arizona housing permits are reported to be up 21.07% in December 2011 from the same time last year, 2010. The Tucson, Arizona housing market in December 2011 was reported to have 1,333 active listings, a 24% [...]
Tucson Arizona Housing Market Stats As of January 06, 2012
As of January 06, 2012 the Tucson Arizona median home price for single family home price is $169,251 and the average property in Tucson has been on the market for about 166 days. It appears the housing market is showing signs of leveling out with inventory at approximately 5,000 properties on the market. Let us [...]
RE/MAX SOLD MORE REAL ESTATE IN THE WORLD
RE/MAX SOLD MORE REAL ESTATE IN THE WORLD Dave Liniger founder of RE/MAX voted “Most Influential Leader” by Inman News at the New York “Real Estate Connect conference in 2012. RE/MAX Associates sold has SOLD more Real Estate than anyone in the World. According Dave Liniger “We have out produced our competition’. We are number [...]
Tucson September 2011 Median Housing Market Stats Report
Tucson total sales volume showed a slight decrease of 1.13% from September 2010 as compared to the same time last year. We are still in a buyer market as the average sales price had a slight decrease in September of 2011 to $150,699 which is down 2.74%. In September 2011 the Tucson Association of Realtors [...]
