Thinking of Selling Your Tucson House? Consider This To Be A Perfect Time!
Historically, In Tucson a great number of homes sell during the spring buying season. The snow-birds are in town and ready to buy. Why do many homeowners hold off putting their homes on the market until then? Is this a good strategy this year?
Many homes are listed during the spring so this will represent an increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The Vallee Gold Team in Tucson, Arizona recently reviewed The National Association of Realtors (NAR) statistics regarding this matter. The research revealed the months during which most people listed their homes for sale in 2018. This graphic shows the results:
The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of units available for sale in Tucson 2017 was 25,928.
That number of units that sold were 15,932!
The Tucson Multiple Listing Service statistics for 2017 reported the following:
- Average sale price $236,838
- Average Days On Market: 44
- Average Comulative Days On Market: 58
Many buyers are making a house purchased with a conventional or FHA loan. As you can see there are many cash buyers in our Tucson real estate market. The VA homebuyers accounted for 1,624 single family home sales.
What does this mean to you?
With the national job situation improving and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now.
If you are looking to sell your Tucson home this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers. Beat the rush of housing inventory that will enter the market and list your home today!
Get Your Home Value now, simply type in your address at this link.