Tucson’s main market area had an active inventory of 3610 properties which is a 3% decrease from February 2018. We saw a 3% year over year decrease in closings for the month of February as well with a total of 1153 closings. Based on the information from the housing report we are seeing a decrease in inventory, however, values seem to be stable which on the surface doesn’t seem natural as you would think with fewer properties available values should be trending higher, unfortunately, we are seeing a decrease in demand which is keeping values in check.
Properties ranging in value between $0 and $349,999 are still thriving in a seller’s market, properties $350,000 and higher are favoring the buyer. For those of you in the $350,000 and under range, if you are thinking about selling, we are heading into the selling season if you miss this year next year may see the shift to a buyer’s market and your opportunity to sell at the high end and receive absolute top dollar may slip by.
For those of you with properties priced $350,000 and above, just because it’s a buyer’s market doesn’t mean opportunity has passed you by, it just means you have to be better than your competition one of the best ways to stand out amongst other competing houses is to price your home properly and offer value over and above all other options.
Either way, if you are in a buyer’s or seller’s market it doesn’t matter because when you list with me JohnG Freelance Real Estate Broker and Consultant commission is never a factor in getting your home sold, listing with my Premier Flat Fee Listing Service is the best option you have to save money by avoiding commission expenses when you sell.
Email me at John@JohnGSellsHomes.com for more info on how I can help you save $1000’s when you list and SELL your Tucson home.