Isolating on Oro Valley, as of June 2012 active inventory was 273, a 26% decrease from June 2011. There were 67 closings in June 2012, 26% above June 2011. Months of Inventory was 4.1, down from 6.9 in June 2011. Median price of sold homes was $217,000 for the month of June 2012, virtually unchanged since June 2011. Oro Valley had 75 new properties under contract in June 2012, up 21% from June 2011.
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Long Realty Company continues to show significant strength in the market share catagory with an overwhelming 35.4% of transactions closed. The closest competetor posts an 11.7% performance.
As the summer heat begins to abate, homeowners who are ready to make a move to a smaller home, larger home or just a different home have anopportunity to capitalize on continued low interest rates. Some lenders are reporting rates as low as 3.62% on a 30-year fixed home loan; and even lower prices on government back loans like FHA.
Look for the Fine Homes Team iPhone App to help you with your home search throughout Tucson, Oro Valley and Marana. Using the geo-location feature on your phone, the App will help you find information about homes for sale on the Multiple Listing Service, right from the neighborhood you are visiting. It is a great way to visit neighborhoods and check out pricing plus values.