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You are here: Home / Blog / Market Trends

Homes selling above listing price finally on the decline

March 15, 2019

Homes Selling For Above Listing Price Finally On The Decline

Thanks to the historic inventory shortage, competition for homes in markets across the country has been fierce, and Green Valley has been no exception. That competition has driven up home prices. For more than a year, it has not been uncommon for homes to sell for above the listing price.

But it looks like that trend is finally starting to shift, which is excellent news for buyers.

A recent article from Zillow reports the number of homes selling for above the asking price saw steady declines in the second half of 2018. In December, only 19.4 percent of homes in the US sold for above the asking price—the lowest rate in nearly three years.

So if you’ve been thinking about buying a home, now is a great time to make a move. The fact that fewer homes are selling for above the asking price means that competition is finally starting to cool — so you should be able to get a much better deal on your home purchase.

Filed Under: Market Trends Tagged With: Home Prices

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"As Real Estate Brokers in Hawaii for more than 40 years, we know how important a good agent is when looking to buy property when you can’t be there. After seeing a property listed by Russ, we called and talked with him. He came across as very knowledgeable, competent, helpful, and friendly so we asked Russ to send us new listings for the type of property we were looking for, which he did. When a property came up that we liked we contacted Russ and had him arrange to show the place to our son who lives in Green Valley. Everything looked great so we had Russ write and present our offer, which was accepted. Russ followed through with everything required and kept us up to date each step through escrow and the final closing. We are very happy with how Russ treated us and made sure everything got done when it needed to be done. Every step of this purchase was handled by phone and email. We recommend Russ to everyone looking for a good agent to represent them in Real Estate."
- J.H., Anchorage AK
"Russ is an incredible professional and I cannot think of a single area of expertise he wasn’t abreast of. Every question was answered promptly, accurately and pleasantly. He knows his market, he knows the industry and he knows people. He’s able to meet people on their level without being condescending. I would, and have, recommended Russ to others who are looking for a good and trustworthy Realtor."
- R.S., Green Valley, AZ
"We found Russ to be an excellent Realtor. He was so easy to work with, very professional and thorough. He was always prompt to respond to our calls and emails. We were a bit nervous at first, because we were out of town buyers, but Russ quickly put us at ease. He sent us many potential prospects but he was never pushy. It was so nice to work with someone so honest. We would highly recommend using Russ to anyone who was looking to buy or sell."
- L.M., Green Valley, AZ
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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