Reported by The Leach/Wilson Team, ABR, CMP, CRS, CSP, e-PRO, GRI, PMN, SRES, MRE Society
Updated November 13, 2009.
Current Market Rating: 2
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Buyer's
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Current Price Trend: 3
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Falling
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Homes are selling in Tucson! In October, we saw a 7% increase in home sales volume over the previous month, and another 7% increase year over year. We've seen a 70% increase in pending contracts from last year up until now! So what are we to expect in the months to come?
Traditionally, the Holidays show a slow-down in home sales. An extension of the 8k tax credit for new home buyers may continue to stimulate sales through the New Year, as it has in previous months. It is especially important that first time home buyers begin to focus their search as we traditionally see fewer new listings on the market as we approach the Holidays.
Fortunately, the Leach Wilson Team specializes in knowing the Tucson and surrounding market. Buyers and sellers rely on us to know the market and how to best apply it to their situation. We work with several lenders and other professionals that make the home-buying or selling experience the best it can be. Contact us for information on buying or selling your home.
