Tucson Housing Market December 2015

The Tucson Housing Market December 2015

Tucson Housing Market December 2015 Update From TARMLS

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Tucson Housing Market December 2015

The Tucson Housing Market December report showed home prices and sales increase over November 2015. However, active listings at the end of December declined over 4% and units under contract dropped almost 12%. Active listings followed this trend falling over 4%.

The median sales price increased by 4+% from November. Fewer listings and “snowbirds” looking for that perfect Tucson home may create further upward pressure on prices. Interestingly, Days On Market decreased by 1 Days – to 59 days. An indicator that listing prices were “on target” for the market.

The Fed raised the borrowing rate by .25%. Mortgage rates moved slightly, but 30 fixed mortgage rates remain around 4.00% in the Tucson AZ housing market. The message is clear, the economy continues to get better. But that depends on where you look and what you read. Increases in temporary jobs for holiday retail sales, don’t last. But the rate increase will!

We just have to wait, even with further increases mortgage rates are still very low. Home price gains continue to offset the low mortgage rates in the Tucson market.

And now the Tucson Housing Market December 2015 Report

tucson housing marker december 2015

When submitting an offer

If you “really” want the home, make a “reasonable” offer. We work with our buyers to present an offer – THEY – feel good about. Some “low ball” offers are getting the job done. Many aren’t.

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.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

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Tucson Housing Market December 2015 was last modified: January 8th, 2016 by ben4wp

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Tucson Housing Market December 2015 was last modified: January 8th, 2016 by ben4wp

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