April Housing Reports Now Online

The Long Housing Reports for April 2013 are now online and can be viewed here. The positive momentum of the market continues as inventory decreases and prices continue a steady rise. Currently Tucson-wide there is only 3.3 months of inventory on the market! Buyers actively shopping today won’t be terribly surprised by that figure as good properties are hard to come by and when they are found it’s often a multiple offer situation. Even heading into the summer it’s our forecast that inventory remains relatively low and come next Fall you’ll be seeing some continued price increases.

Another notable statistic is that the Luxury Market continues to heat up too. Those agents and buyers looking in this market segment already know of the increased activity over the last several months, but contracts for March were up 33%. As inventory continues to shrink you’ll finally start to see some maintained upward price pressure in the next six months by our estimation. This recovery of the luxury market is something that we forecasted a year ago and it’s nice to see that our prediction at that time is coming to fruition. If you’re on the fence about looking for a luxury home, now is absolutely the time to buy. There still remains a pretty good selection of homes and prices haven’t gone up too much yet. That won’t remain the case forever and if you’re financing the rates are still exceptional. Contact Team Woodall today for a more in-depth discussion of the market.

Stephen Woodall
REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.


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