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You are here: Home / Blog / Market Trends

Real estate market experiences astonishing growth in July

August 28, 2020

Now that buyers are back on the market following the COVID-19 slowdown in the spring, competition for existing properties is fierce. According to recent data from the National Association of REALTORS®, in July, pending home sales were up 5.9 percent from June, and up 15.5 percent from July 2019. And not only are homes selling—they’re flying off the market.

“We are witnessing a true V-shaped sales recovery as home buyers continue their strong return to the housing market,” says NAR Chief Economist Lawrence Yun. “Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”

If you’ve been thinking about selling your home, we’re experiencing one of the strongest seller’s markets in recent history (“If 20 percent more homes were on the market, we would have 20 percent more sales, because demand is that high,” says Yun). So if you want to sell your home quickly (and profitably!), now would be a good time to make a move.

Filed Under: Market Trends

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"Russ helped us make our retirement dream a reality. We met Russ in July of 2018 when we made our first house hunting trip to Green Valley, AZ. He listened carefully to what we were looking for in a home and presented us with a list of houses that met our criteria. He helped us through two failed sales on our ou-of-state home, and when our home sold after five months on the market Russ was ready to help us with our home purchase in AZ. He stayed on top of all the important dates, provided us with a wealth of information about the area and links to all the required utilities. Moving is very stressful but Russ took a lot of the stress away with his commitment to quality customer service."
- C. G., Green Valley AZ
"Russ was a pleasure to work with. Being we’re in Seattle and buying in Green Valley, Arizona, Russ made the process very easy and comfortable. The transaction, with the help of Russ, went smoothly and without any hitches. He was quick to respond with any concerns or questions. I would recommend him for your real estate needs without hesitation. Having first hand knowledge of Green Valley was a bonus for us."
- B.E., Green Valley, AZ
"Russ did an outstanding job with our out-of-state move. He went over and beyond with all the online paper work and E-signing. He even took additional pictures of the home we saw online to help us make up our minds. He’s great at his job and I would recommend him, he’s an outstanding Realtor!!!”"
- K.G., 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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