Tucson AZ Real Estate December 2015 Market Review
Don and Kathy Vallee REALTORS – Vallee Gold Team, Long Realty!
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: December 2014 in Review
In the Tucson Main Market area, December 2014 active inventory was 5,611, a 9% increase from December 2013. There were 1,078 closings in December 2014, a 3% increase from December 2013. Year-to-date 2014 there were 13,075 closings, a 7% decrease from year-to-date 2013. Months of Inventory was 5.2, up from 4.9 in December 2013. Median price of sold homes was $165,000 for the month of December 2014, up 5% from December 2013. The Tucson Main Market area had 965 new properties under contract in December 2014, down 5% from December 2013.
Buyers and Sellers many sellers are motivated to sell their home in the Tucson real estate market. If you encounter a smart seller that has marketed their home at a competitive list price then, be prepared to compete against multiple offers. There is a strategy that will win most every time. Call us for more information 520-544-5555.