arizona housing market trends
Tucsons real estate market made headlines a decade ago for reaching incredible highs before the average home value was cut in half. The Atlanta real estate market remains on a roll with median home sales prices up 182 October 2021 vs October 2020.
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Trends Foreign investor purchases down 41 in CA versus last year 110k new homes in the US this year down 65 from 1986 CA bankruptcies rise for the first time in 8 years 2 VLY Listings are at a 5-year high The last time there were these many homes on the market was 2014 Orange County has 19 more inventory than this time last year Escrows are down 2 and days.
. Homes in Tucson receive 4 offers on average and sell in around 43 days. The average sale price per square foot in Tucson is 199 up 221 since last year. Southern Arizonas real estate market has been booming and housing experts predict positive trends in the Tucson housing market in the second half of 2021.
However its slow recovery has gone unnoticed by the media and. Job growth a growing population and housing affordability should make Atlanta an attractive market for investing in rental property in 2022 especially when 50 of the households in the metro area rent rather than own. The Tucson housing market is somewhat competitive.
The average sale price of a home in Tucson was 308K last month up 183 since last year.
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