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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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"Russ has done excellent work for us. I have purchased several homes over the years and he is the best I have worked with. We chose Russ on a recommendation from a family member. He didn’t try to sell us on him or his firm. No “fluff talk”, pestering, unnecessary calls, emails or text. Instead, he showed us properties we were interested in and some that we were not aware of. Never felt the least bit of pressure. He was very patient, pleasant and responsive. He has a very relaxed yet professional style. He explained everything in a manner that was easy to understand and we felt very secure throughout the process. He is the best ever. In our mind he is the gold standard of what a Realtor should be."
- N.L., Green Valley AZ
"I can’t say enough about what an outstanding job Russ did for us! We decided to retire to AZ and after touring several areas in the state, we chose the Tucson area. I found Russ online and reached out to him to help us find our retirement neighborhood and home. Russ spent a day showing us all of the different neighborhoods in both Sahuarita and Green Valley that met our requirements and were within our budget. By the end of the day, we had chosen four neighborhoods. Russ then found four homes for sale in our chosen neighborhoods; two in our favorite! The next day, Russ took us to tour the four homes and by the end of the second day, we made an offer. We are relocating from Kentucky and Russ has been there for us every single step of the way. He has been invaluable in making this entire experience smooth and exciting for us! His service after the sale has been equally exemplary!"
- E. W., Sahuarita AZ
"Russ is a very good marketer. He sold our home in one day! He listens and responds promptly with his knowledge of the area and sound advice on selling or buying a new home. Russ exhibits honesty and integrity. He was always ready to help us. He is willing to try new ideas. He made our stressful decisions easier. We recommend him with pleasure."
- J.B., 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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