We’ve got a second quarter update for the Tucson market for you. Today’s market is a double-edged sword for both buyers and sellers. It’s great for sellers because of low inventory, and it’s great for buyers because interest rates are still low and there are a lot of down payment assistance options out there. At the same time, we are still seeing issues.
For buyers, low inventory means you’ll likely be competing against multiple offers on anything priced right in the $250,000 or below price range. For sellers, prices are going up due to low inventory, especially in the last few months.
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Buyers must be prepared to make a quick offer.
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If you’re selling in this market, all you’ve got to do is price properly and you have a good chance at receiving multiple offers. If you plan on buying, it’s absolutely possible to get a good home. You’ve just got to be prepared to write an offer quickly. Homes are sometimes getting multiple offers within the first 24 hours that they are listed.
The weather isn’t the only thing heating up in Tucson; the market is as well. If you have any questions for us, give us a call or send us an email. We would be glad to help you out.
