Brenda's Tucson Housing Market Report
October 2015

Fantastic Fall is here, The weather is beautiful

Market will build for the next couple months as we enter Fall Selling Season

Average Days On Market = 61 ~ Sales Price as a % of List Price = 97.23%

Market Activity: The market slowed very slightly as we transitioned from summer to fall. As of this writing market appears to be picking back up dramatically. Both Average Sales Price & Median Sales Price have increased year over year for the last 4 years!

Listing inventory bumped up a tiny bit this month as we head into fall as early sellers are getting a head start on the Fall Selling Season. Good news for buyers as this puts a little more inventory out there to choose from. Come on down and take a look, Fall is the best time to Visit Tucson! If you want a quick real estate tour, Contact us, we'd love to show you around!

If you've been thinking about selling your home, Now is the Time. Get your home Listed early in the Season for exposure to more buyers. The annual beginning of the Snow Bird migration begins is just a few weeks. Remember, the early bird gets the worm, (I mean the SALE), The early bird gets the Sale! If you're looking for a top producing agent, Please 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 current Calendar 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 October 2015 Report show:

Total Tucson Homes Sold: 1,203, Increased 15.9% from September of 2014. Decreased 5.72% from last month.

Total Tucson Homes Under Contract: 1,774, Increased 5.41% from September of 2014. Decreased 3.90% from last month.

Tucson Median Sale Price: $172,000, Up 4.24% from September of 2014.
Oro Valley Median Sales Price: $234000, Down 11% from September of 2014.
Catalina Foothills Median Sales Price: $350,000, Unchanged from September of 2014.

Total Tucson Active Listings: 4,909, Down 9.71% from 5,437 in September of 2014.
Northwest Tucson Active Listings: 1,270, Up 58 units from last month.
Catalina Foothills Active Listings: 577, Down 2 units from last month.

Total Tucson New Listings: 2,072, Down from 2,129 New Listings in September of 2014.
Northwest Tucson New Listings: 563, Up 60 units from last month.
Catalina Foothills New Listings: 217 Up 20 units from last month.

Some quick conclusions we can draw from these Tucson home sales statistics are:

Positive Market Indicators this month: Total Unit sales were up year over year. Average Sales Price was up year over year. Median sales price was up year over year. Total Sales Volume was up 18.91% year over year. Days on market dropped to 61.

Negative Market Indicators this month: None, Market remains unusually strong as we head into our annual Fall Selling Season.

Market Outlook: We had a stronger than usual Summer Season. This strong momentum appears to be carrying forward into the beginning of our Fall selling season. We continue to expect this Fall to be stronger than last year.

The National Economy continues to slowly (very slowly) improve, Almost all economic data points continue to slowly grind upward continuing to support improving real estate markets across the nation. Interest rates are still historically low.

The Tucson Market Reports below will give you a detailed look inside the current Tucson Housing Market.

Questions about current Tucson Housing Market Conditions?
Email Brenda or call her Today at 520-918-5968
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