Real Estate in Tucson; Some interesting numbers for last month.
Average days on the market for a listing dropped in October to 78 days. Sepember’s average was 82 days. The average sales price is up 4.16% over September 2008 from $217,397 to $226,435. And the listing inventory is down considerably from last year.
My opinion: Great time to buy, obviously. Rates are low, home prices are low and there is still a good inventory to choose from.
Sellers are looking at less time on the market and more serious buyers. So, sell if you have to and make sure you use all the latest marketing techniques. If you do not need to sell immediately, hold on for a few months.