Tucson Property ExecutivesMarni Allen
Tucson Property Executives
Tucson, AZ
520-245-8489
marni@gotucsonhomes.com

Winter 2012 Market Update


Average Home Price $275,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market More than 120 days
Prices As % of Asking Price 90-95%
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Multiple Offers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Single-Family Homes
Reason to Buy/Sell Relocation
Nearest Metro AreaTucson, AZ
Average Sold Price $275,000 - View Graph Trend

Tucson Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Marni Allen
Tucson Property Executives
Tucson Property Executives

  520-245-8489




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