Selling Tucson home 2017 new considerations
There are Seasons of real estate in Tucson. For years these general guidelines for your type and location of home have served Tucson homeowners well for deciding when to put their Tucson home on the market.
However, 2017 is a very different year. There are unique market forces that change the normal dynamic of listing your home for maximum exposure to your niche market. What is this market force?
Extremely Low Available Inventory
The overall size of the Tucson housing market for years has considered a “normal” market to be 6000 residential listings available. During the recession years we had double that inventory for many months.
As I write I’m checking the listing availability on January 23, 2017. I started out limiting the search to Residential with Single Family Residence for the property Sub-type. Total listings: 4906 Next I limit this search to Tucson, Oro Valley, Marana, Vail as the Tucson MLS can have listings from other areas in Arizona, the US and Mexico.
These four areas have 3839 listings. When I narrow the search to only Active listings not Active Capa or Active Contingent the number drops to 2714 active listings.
The point being, there is very little inventory available for purchase.
This low inventory should be considered when deciding the time to list your property for sale.
This same dynamic is impacting real estate markets all across the country this year. So much so The National Association of Realtors published this article on January 18, 2017 Smart Sellers will List Early This Year.
Buyers Ready to Buy, Without Much to Choose From
Selling Tucson Home 2017; consider listing early, as early as you can in the year, because there are buyers looking to buy; it is a matter of supply and demand.
In summary the drill down
Total Single Family Residence: 4906
Tucson, Marana, Oro Valley, Vail: 3839
Active Status: 2714