Tucson Area Quick Market Update

Twice a year Long Realty creates a broader look of the entire Tucson region where trends can really be identified, and one of these was just released with the Mid-Year Housing Report now available! Among the more notable statistics that jump out are the decline in available listings which dropped 11% and the corresponding rise in median price which is up 8%. Even though this creates a Seller’s market, all hope is not lost for Buyers today. While prices are basically eclipsing peak market values from 2006, the actual buying power remains much stronger due to historically low interest rates under 4% compared with over 6% in 2006. Definitely take a look at this interesting Mid-Year Housing Report.

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Angela Greynolds, M.Ed.

REALTOR, GRI, GREEN @ Long Realty Company

Angela is a native Tucsonan and has lived, worked, and played in Tanque Verde, central Tucson, the University of Arizona area, Catalina Foothills, the East side, and currently Oro Valley. She is the former Technology Director at St. Michael's School, a runner, musician, teacher, outdoor enthusiast, vegetarian foodie, Spanish-speaker, world traveler, and lover of all things Tucson.