Would you say that Tucson is a buyer's, seller's or balanced market?

Ahh, the question to stimulate conversation. Tucson is a VERY large market in the sense that it is so spread out and real estate is based upon location. Location is the most important element in evaluating a home or piece of land. With that said, you can break down the Tucson real estate market into thousands of sub-markets to better determine this question. Overall, it is trending towards a balanced market since inventory levels have substantially declined and home prices have begun to level off. This market swing has largely been caused by the reduction in foreclosure inventory. In all, it is a GREAT time to get in the market from either side!!!
  • April 19 2013 - Tucson
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Answers (1)

Great Question Michael,

I am hesitant to weigh in without all of the info. Though it SEEMS like we are hitting a small, artificial micro-spike in our home prices due to low inventory in Tucson.

A few strategic releases of Foreclosures from the Ghost/Shadow Inventory that the banks have would likely do wonders for stabilizing prices in our Pond and moreover keep any home value increases balanced, steady and incremental, instead of running at bubble-speed.

Thanks for starting the conversation! : )
  • July 24 2013
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