Current Market Conditions:
Contrary to all the doom and gloom you may be hearing about the real estate market, I have been busy. Of course it is not the hot seller’s market of Spring/Summer of 2005. Buyers are out there; they have plenty to choose from, and the properties which show well and are priced fair get SOLD.
In January the Tucson market experienced a slight increase in median sales price compared to January 2006; however, days on market significantly increased. In February there was a decrease of homes on the market probably due to a large increase in the number of pending sales.
The President of Tucson Multiple listing Service summarizes the market climate well, “The Tucson real estate market is becoming a balanced market, which stabilizes home sales prices, establishes a sustainable sales pace, and adjusts to a more appropriate six-to-nine month listing inventory period. Sellers looking to realize gains akin to the previous few years are going to be disappointed. Buyers looking to buy at 20-25% less than a market-supported asking price will also need to adjust their expectations.”
Just the past few days, I have felt the increase in market activity. I am looking forward to seeing the March 2007 sales statistics.
*** Market Update ***
As I predicted. March statistics show that days of inventory are down and unit sales are up. It’s just a nudge. But a nudge in the right direction means we are on our way to a stable Tucson market.
*** *** ***
So what does this all mean? The real estate market changes day to day. By the time statistics have been calculated and published, the picture is likely to have changed some. By the time the media reports this to you, some can be even more. And what that “some” is can make a big difference when it comes to the final “sum” that goes in your pocket as a seller, or comes out as a buyer. When you need to buy or sell real estate, you need an agent who works daily in the market. You need “some”one on your side to protect your “sums.”
Marketing with Mark
Mark’s 35 point Marketing Plan is customized for your property. Your property is unique and deserves the attention. Mark’s expertise in marketing will maximize your property’s exposure to Buyers.
Marketing a property is just the 1st step in the value of Mark’s services. Mark’s 9 years’ experience in real estate empowers Sellers in the negotiation process from the point of the initial offer to Contract acceptance and through the inspection period and all the way to the closing table. Mark’s exceptional escrow tracking system helps facilitate your sale closing on time with the least amount of anxiety!
