June Housing Report

Tucson’s housing inventory continues to decrease. The number of homes currently for sale is back to 2005 levels. While we wouldn’t say that it’s a Seller’s market, things are trending in that direction. For example the Buyers we are working with are frustrated with the lack of selection and finding that the home they want has just been snapped up by someone else!Prices are holding steady and the most active price range is $100,000 – $140,000. This tells us that a lot of buyers are probably investors and they tend to lead the market. Click here for the full report

Free Tucson Residential Energy Retrofits

The City of Tucson has funding to provide energy efficiency retrofits to approximately 100 homes. There is no charge to the homeowner. These upgrade may reduce your home’s energy use by 15-20%. Energy efficiency retrofit work may include things like substituting compact fluorescent light bulbs for incandescent light bulbs, installing low-flow faucets and shower heads, installing solar screens on windows and improving overall weatherization of the home. The organization will meet with each homeowner to identify the areas of greatest need in the home.

To be eligible for the program, you must meet certain criteria including income eligibility, age of home, residence inside the City limits and other criteria.

Click here for all the details.

May Housing Report

Average Days on Market and Inventory are both down this month.  If you are looking to sell your home, you will have the least competition I’ve seen in over 5 years and if priced correctly it won’t take as long as it has been taking most sellers in the last 2 years.  Both of these statistics have been trending downward for a while now, which implies we could be approaching the end of the buyers market.

Click here for the full report May Housing Report.