Arizona Poised to be Top Housing Market in 2017

If you’re living in the Tucson area of Arizona and are thinking about selling your home with Denise McCreary, you’re in luck – the Tucson area is slated to be the ninth hottest housing market in 2017 according to Realtor.com, reports the Tucson Sentinel.

Tucson Real Estate MarketWhen we say hot, we’re not just talking about the weather. The prediction from experts is that 2017 will bring incredible growth to the whole Arizona housing market, not just Tucson, reports The Arizona Republic. In fact, the Phoenix area is predicted to be the No. 1 real estate market for next year.

Asking prices in Tucson are expected to rise by 6.1 percent and sales expected to grow by 5.5 percent, according to reports, while Phoenix is forecast to see a 5.9 percent growth in asking price and a 7.2 percent increase in overall sales.

Why is the market in this great state doing so well? It’s a combination of things that caused this climate, including steady growth in prices and sales throughout the last year, as well as a short list of foreclosures in our area. These two facts create a healthy housing market, both for buyers and sellers, which give the state an advantage over many markets around the country.

Overall, the U.S. housing market is expected to slow in 2017, due to rising interest rates and an increased supply of homes on the market, but here in Arizona, 2017 is a great time to be a home seller.

If you’re buying or selling a home in 2017, Denise McCreary can help. Get up-to-date facts and information on the local housing market, like information on market condition and estimated home values, as well as great tips for sellers, too.

Whether buying or selling, let Denise McCreary at Long Realty Company help you find your new home or a new owner for your property. Get started by giving her a call today at 520-256-6731.

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