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2016 was a strong year for real estate in Tucson. Here is a recap

December 27th, 2016 by Michael Oliver

"Tucson real estate market"

Here's our re-cap of the 2016 Tucson real estate market and what is selling the best!

The Tucson real estate had a very good and balanced market for most of 2016. Early in the year until November, the market had incredibly low mortgage rates offering borrowers the ability to buy much higher priced homes then they would be able to qualify for just a few years prior. This in turn, allowed many sellers to increase the asking price of their homes and buyers went along with this on average the price of a home in Tucson increased 3.8%. Many parts of Tucson are seeing heavy demand for homes currently (and have been for the last year) those areas would be;

Michael Oliver - Best Tucson Realtor