Oro Valley Market Report
The June Oro Valley housing market, similar to the overall Tucson area, shows significant increases in activity levels. Closings and new properties under contract were up (the latter a whopping 55%!) from last June, while inventory is down. In line with the decrease in inventory, we have sold most of our listings and NEED MORE LISTINGS! If you or anyone that you know may be considering putting a home on the market, NOW is a great time. Demand is up and sales are occurring much faster than in the recent past! For further details about these changes, please enter your email and we will send you the complete Housing Report.
What does this market mean for buyers and sellers?
Buyers – better confidence in housing and the economy will mean more home buyers, and competition. Lower inventories mean slightly less choice, and an uptick in prices and rates may impact affordability. Improving home values will help buyers with long term equity gains.
Sellers – more buyers and less inventory may increase opportunities for owners to put their home on the market and attract buyers.
For information about the market in your specific neighborhood, or to obtain a professional estimate of your home’s value, please enter your name, email, and address. We would be happy to assist you, with no obligation.