Soaring Market Still

The market hasn’t let off the gas pedal yet! All of our listings that come on the market are getting snatched up for list price or over list price in just days, most of the time with multiple offers. It seems a pandemic, record heat, and a contentious election season aren’t enough to stop this momentum of extremely low inventory, strong buyer demand, and unheard of low interest rates. Even local agents are feeling this market is crazy right now. Recently released statistics by the Tucson Association of Realtors MLS show that homes are selling for 99.7% of their list price. Long gone are the days of buyers coming in under list price in most cases and more commonly buyers need to go over list price to land a home. We’ve also had success focusing on other important factors to a seller like closing date, financing terms, etc. that can make our buyers’ offers stand out amongst the rest.

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.