Tucson Housing Market January 2016

The Tucson Housing Market January 2016

Tucson Housing Market January 2016 Update From TARMLS

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Tucson Housing Market January 2016

The Tucson Housing Market January report indicates the Average Tucson Sales price increased 2.27% from December 2015 to $216,510. Year of year January average Tucson Housing Market January 2016 Reportsales price was up double digits – 11.10%. Interestingly, the January median sales price declined by 3.47%.

However, active listings reversed a downward trend and increased by 4.23% to 5,095 units.  Units under contract jumped 17.52% to 1,892%.

Days On Market increased 7 Days – to 66 days. Average list price for Tucson homes increased 2.38% to $222,790.

Mortgage rates remain around 4.00% in the Tucson AZ housing market. The FED is now suggesting a new rate increased may be pushed later into 2016. Home price gains continue to offset the low mortgage rates year over year. The Tucson market had an 11.10% increase in average sales price January 2016 over 2015.

And now the Tucson Housing Market January 2016 Report

HousingReportJan16

When submitting an offer

Given current inventory levels, low ball offers aren’t getting a lot of traction. So, if you “really” want the home, make a “reasonable” offer.

You have to ask yourself, “will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. If the answer is yes, put in an offer you and your Realtor think is reasonable.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

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Tucson Housing Market January 2016 was last modified: February 10th, 2016 by ben4wp

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Tucson Housing Market January 2016 was last modified: February 10th, 2016 by ben4wp

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