Current Real Estate Market in Tucson, Arizona October, 2019

Current Real Estate Market in Tucson, Arizona

If you’re looking to sell your house fast in Tucson, it’s a very good idea to understand the current real estate market. This way you can figure out if it’s a good time to sell or if you should wait a bit more time until you pull the trigger and eventually sell your home.

Tucson Real Estate Market Statistics October 2019
Tucson, Arizona’s Real Estate Market Statistics October 2019. Source

Average market prices

The real estate market is booming in Southern Arizona right now, with housing experts sharing some positive trends specifically for the Tucson market. Around a decade ago, the Tucson real estate market was in its prime, then the house values were cut in half. Since then, the market has slowly managed to grow, with the median list price of a Tucson home being $241000 in 2018. In October 2019 the average market price was $294367, a clear sign that yes, the Tucson real estate market is growing and it will continue to expand more and more.

Days on the real estate market

Another interesting thing to note when compared to the past year is that the number of days a house stays on the market is lower and lower. In fact, in 2017 and 2018 you expected home for sale to say on the market for around 36-42 days. In 2019 the number is closer to 27-36 days based on the house type. It’s clear that there are more and more people trying to relocate to Tucson, which is great if you want to sell your house fast in Tucson.

Closed sale

It’s also a good idea to check the closed sales statistics. You had around 10942 sales in 2017, 11328 in 2018 and 11723 in 2019. It’s clear that the market is evolving and people are continually interested on the Tucson real estate market. There is a lack of inventory at this time, and Tucson, in general, is known for being a seller’s market. This is great if you want to sell because prices are getting higher and higher.

Percent of list price received

The year by year comparison shows that the percent of list price received is rather stable. It’s around 98.2% towards 98.4%. This is a clear indicator that whenever you find a buyer for your Tucson home, you will most likely be able to acquire the amount of money that you want for the property. That’s great, it offers you some great benefits and the results themselves will impress you a lot.

Even if the Tucson real estate market is great for sellers right now, the reality is that not every seller can sell on the MLS. While that’s possible, you have no guarantee that you can sell right away. And that means spending a lot of time waiting for an offer for your home without any clear buyer. Thankfully, we are here to help. If you need to sell your house fast in Tucson, we are here to help. We offer you the best price and we can buy your home right away, all you have to do is to get in touch with our team!

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