Real Estate

The #1 Reason to List Your Tucson House for Sale NOW!

list your Tucson home for sale

If you’re debating whether or not to list your Tucson house for sale this year (or your Oro Valley or Marana home), here is the #1 reason to do it now:

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level. In the Tucson area, the number of homes for sale reached a record low this March.

The chart below details the year-over-year inventory shortages experienced over the last 12 months on a national level:

housing supply

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line – List Your Tucson House for Sale Now

If you’re thinking of selling, let’s talk. It may be the perfect time to list your Tucson house for sale (see 4 Reasons to Sell Your Home This Summer). Let’s get together to discuss the supply conditions in the NW Tucson, Oro Valley, Marana, Dove Mountain, or Catalina areas so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!