Oro Valley, AZ October 2014 Real Estate Review
For up-to-date information on the Oro Valley real estate market, The Vallee Gold Team will provide monthly updates filled with up to minute Oro Valley real estate statistics. The real estate market snapshots are designed to help you decide about whether or not to buy right now.
Breaking It Down: October in Review
The number of active listings in Oro Valley increased by 6% over the past year at this time, signifying a small growth in inventory and more choices for you as a buyer. The median listing price this past October was just under $325,000.
The average number of days a property spent on the market increased 82% compared to last year. The median sale price was just under $260,000. The number of units sold increased 21% year over year.here were 58 closings in October 2014, a 21% increase from October 2013. Months of Inventory was 5.9, virtually unchanged from October 2013. The Oro Valley area had 58 new properties under contract in October 2014, up 16% from October 2013.
All of these statistics point towards a stable market market that is if sellers are ready to price their home at market value. Most importantly, buyers are ready to take advantage of the low interest rates and awesome prices. Now is the time to buy a place!
View Don and Kathy Vallee’s Market Videos
Oro Valley, AZ is a beautiful place to live, full-time resident or a part-time resident The Vallee Gold Team has the experience and knowledge to help you make a sound decision when buying or selling. After you watch the video, if still have any questions please do not hesitate to contact Don Vallee at 520-544-5555 for more information.