Average Days On Market = 60 ~ Sales Price as a % of List Price = 96.98%
Market Activity: June continued very strong. The market remained Hot throughout the first half of the year. Inventory continues to drop a little, but there's new listings every day so plenty of great homes to take a look at. If you're a buyer, the summer is a great time to buy as some sellers are more motivated having missed the spring season. Buyers, If you want a quick real estate tour,Contact us, we'd love to show you around!
If you're a seller, this is a great time to sell! If the buyers are out in this heat, they're Serious Buyers. Running around looking at homes all day is hard work. Treat every showing as serious and make your home sparkle! Sellers, If you want a top notch agent to list your home, Contact us, we'd love to help you sell your home!
In The News: Interested in some fun things to do in Oro Valley / Tucson? Here's the currentCalendar of Events
If you're looking for a No Hassle-No Pressure realtor to show you around we'd love to help. We specialize in Oro Valley and the Catalina Foothills. We're experts on golf properties, retirement communities, vacation homes and investment properties. We sell about a hundred homes a year so we know what we're doing. We love meeting people and helping them find their Dream Home.
Feel free to contact us with your questions. We're easy to talk to and we can answer any questions you might have about current market conditions, interest rates or where home prices are headed. If you're interested in talking about listing your home we'd be happy to provide our recommendations on how best to proceed.
Key prior month statistics from the Tucson Association of Realtor’s July 2015 Report show:
Total Tucson Homes Sold: 1,481, Increased 14.19% from June of 2014. Increased 6.75% from last month.
Total Tucson Homes Under Contract: 2,114, Increased 8.47% from June of 2014. Decreased 6.13 from last month.
Tucson Median Sale Price: $173,000, Up 2.48% from June of 2014.
Oro Valley Median Sales Price: $260,000, Up 1% from June of 2014.
Catalina Foothills Median Sales Price: $358,500, Down 3% from June of 2014.
Total Tucson Active Listings: 4,992, Down 5.53% from 5,284 in June of 2014.
Northwest Tucson Active Listings: 1,395, Down 93 units from last month.
Catalina Foothills Active Listings: 581, Down 47 units from last month.
Total Tucson New Listings: 1,976, Down from 2,020 New Listings in June of 2014.
Northwest Tucson New Listings: 543, Down 8 units from last month.
Catalina Foothills New Listings: 179 Down 37 units from last month.
Some quick conclusions we can draw from these Tucson home sales statistics are:
Positive Market Indicators this month: Days on Market dropped to 60. Total Unit sales were up year over year and month over month. Average Sales Price was up year over year and month over month. Median sales price was up year over year and month over month. Total Sales Volume was up 18.38% year over year and up 8.11% over last month. All price metrics continue increase as we move through the year.
Negative Market Indicators this month: None, Market continues strong as we move through our summer season.
Market Outlook: The 1st quarter was amazing, the second quarter finished up very strong so we are in fact experiencing a stronger than usual Summer Season. Interest rates are beginning to creep up but so far that has not impacted sales. We expect buyers may get a little more motivated as they become more aware of the changing interest rate environment.
Interest rates remain very low although they are bouncing along a little higher than last year as rates slowly creep upward. Expectations remain that the Fed will begin raising interest rates later this year.
The National Economy continues to slowly improve, Almost all economic data points continue to slowly grind upward continuing to support improving real estate markets across the nation.
The Tucson Market Reports below will give you a detailed look inside the current Tucson Housing Market.
Keller Williams Southern Arizona