Southern Arizona Real Estate Market Update: Buyer’s Market with Increasing Price Drops. In this week’s real estate market update for Southern Arizona, we discuss the current market conditions. We had 660 homes come onto the market, with 289 homes sold last week. Additionally, 339 homes went active contingent, meaning they will be selling soon. Notably, we are seeing a high number of price drops, with 555 homes dropping their prices, the highest in over a year. This indicates that we are in a full-blown buyer’s market, with homes sitting on the market for at least 42 days, the highest in over a year. For those looking to buy a house, now is a great time to contact me, as we can get you great deals from sellers. And for those trying to sell their house, I encourage you to call me now so I can use my target marketing to help you sell your home. #RealEstate #SouthernArizona #homebuying #HomeSelling #foryoupage #fyp
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