$250K to $500K, Homes Listing on MLS is the best way to sell a house. Let us look at the price trends recorded by Zillow (a real estate database company) over the past few years. month is higher then new Home listings will no longer go out of inventory at a faster pace. Metropolitan Tucson has about a million residents, but the population increases dramatically between December and March when Snow Birds fly south to enjoy our pleasant winter. Like most cities nationwide, Tucson has experienced strong and steady real estate appreciation over the last couple of years. market. Selling a house is not an easy task in a slow market. Tucson is notable for having a large military base, Davis-Monthan Air Force Base. These rates have priced many buyers out of the market as theyre at record highs in more than 20 years. Know how to get the best deal while selling a house. While it can be difficult to forecast whats to come (especially in the pandemic age), most experts believe that prices will probably continue dropping for a while longer, but they dont expect declines anywhere as steep as they were in the Great Recession. Get in contact with Taylor Freitas via Email, Get in contact with Michele Petry via Email. With supply and demand continuing to favor sellers prices continue to rise in the Tucson real estate market. Now that the housing market Arizona is threatened by a similar instance of rising mortgage rates and the possibility of a recession, buyers and homeowners are asking a familiar question: when will thehousing market crash? McCown says he and other agents believe the interest rates will stay low for the year; which is allowing more buyers to get in and sellers to finally sell at the prices they want. How to Buy a House: Own the Home Meant for You! In this type of market, agents might cut corners asking prices while buyers should see good https://www.zillow.com/tucson-az/home-values According to The Phoenix Business Journal, the Tucson real estate market is ranked #9 in the nation among cities with the highest bidding-war rates as an influx of out-of-state buyers are battling for homes, with multiple offers and fast home sales increasingly commonplace. This real estate statistic, pending sales Tucson, is one of the two indicators of housing activity Chandler is another hot real estate market bordered by Tempe, Mesa, and Phoenix. As a result, no foreclosure crisis is on the horizon. The median list price was $336.3K, trending up 20.5% year-over-year. A seller may conceal the need for major repairs. 10 I mean under three-percent for a 30-year fixed-rate mortgage? to ensure you get the best offer possible. Housing Market Forecast Today, Lenders place high standards on borrowers, and most who get mortgages have excellent credit.
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