The Tucson Housing Market August 2015
Tucson Housing Market Update From TARMLS For August 2015
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Tucson Housing Market August 2015
The Tucson Housing Market August report showed marginal changes over July 2015.
Total active listings continue a declined that started in February of this year. But only a slight decrease of 40 listings was reported.
Average Sales Price moved up a bit, perhaps in response to low levels of inventory. One would suspect the laws of supply and demand are present again.
The median sales price moved in the opposite direction. Falling 1.00% from July. It appears the Tucson housing market is through the summer doldrums and gaining steam for the rush to December.
As our summer temps start to decline, the snowbirds will return to their winter nests. Will the influx of winter residents and visitors bring more buyers? We will find out soon.
The Fed’s are hinting at an increase in interest rates, but a quarter of a point wouldn’t be bad for mortgages. Mortgage rates would still be in the low 4% range.
And now the Tucson Housing Market Report – August 2015
When submitting an offer
If you “really” want the home, make a “reasonable” offer. We work with our buyers to present an offer – THEY – feel good about. Some “low ball” offers are getting the job done. Many aren’t.
You have to ask yourself, “will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. If the answer is yes, put in an offer you and your Realtor think is reasonable.
We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.
Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.
Go to the Tucson housing market report archives for a look at recent housing reports. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.
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