Long Realty released its “Mid-Year State of the Market Reports”, outlining current trends and changes in the residential housing markets in Tucson and Southern Arizona as well as Phoenix and Casa Grande.
Improvements in consumer sentiment and a rise in interest rates in 2015 prompted more buyers to take action, resulting in an increase in closed sales activity versus 2014 across Arizona markets. Sales prices increased slightly from 2014 in Tucson and Phoenix markets while Green Valley and Sierra Vista continued with relatively flat pricing environments. Now may be an excellent time for potential sellers to bring their home on the market.
The full State of the Market Reports can be found online at LongRealty.com/market