Remodeled home in Northwest Tucson with two masters, a 1500 square foot garage/workshop, RV parking, and more.
Archives: May 2016
Meritage home with high-end custom details in Sky Ranch in Northwest Tucson.
View the April 2016 Tucson Market Report in our Market Data Center.
The Tucson real estate market got harder on buyers last month. Inventory fell significantly for the second straight month, and the spike in sales we saw in March held steady, putting increased pressure on buyers.
In our own business, we've had multiple offer situations several times in the past two months, in all price ranges. Overall, buyers who are shopping in the $100,000 - $200,000 price band will be most likely to encounter competition for a house; marketwide, there are only two months of inventory in that range, increasing the possibility of multiple offers.
Our quarterly review of the Tucson real estate market, The Ell Report, is now available for download in the Market Data Center.
The Tucson housing market got a lot of media attention in April, largely because the first three months of 2016 were the strongest first quarter for Tucson real estate since the height of the market way back in 2006.Continue Reading