Taken from the Tucson Residential Housing Market Monthly Statistics July 2016 
Below are some highlights from the July Residential Sales Statistics:  Total Sales Volume decreased 20.56%, going from $384,524,826 in June to $305,485,314 in July. The Average Sales Price of $218,985 is a decrease of 6.72% from June’s number of $234,752 but an increase of 4% over July 2015. Average List Price of $224,771 decreased 6.57% from June’s number of $240,584 but an increase of 3.69% over July 2015.  Total Under Contract decreased by 7.50% since June.  Total Unit Sales of 1,395 decreased 14.84% since June’s number of 1,638.  The Median Sales Price fell to $181,500 this month from $190,000 last month, a 4.47% decrease.  New Listings decreased to 1,677 from 1,917 in June and are down 4.99% from July 2015.  Total Active Listings of 3,936 is a decrease of 5.72% since June’s number of 4,175.  Average Days on Market of 50 is a significant decrease from 57 in June.  Conventional loan sales of 39.3% exceeded Cash Sales of 21.6%

What does this mean? It was a HOT summer and now that it's cooled down people will be out and about LOOKING for a home.  BUT as long as home inventory is LOW home buyers won't be able to move. Notice the days on market stat went DOWN. That means the housing market is competitive and pent up buyer demand is HIGH.
Use the Pathway to Purchase down payment assistance program to MOVE UP to your next home-if you are low in equity and want to sell but don't have enough money for a downpayment. Solution: Sell your home and then use a simultaneous closing using the Pathway to Purchase down payment assistance program to purchase your new home. 
  

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