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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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"All I can about Russ Fortuno is that he did a excellent job in the complete process of selling my home. I would recommend him to other people. He knows local knowledge and his process expertise was very good.He respond to all my question and kept me informed of any new items that came up. He did a excellent job in the negotiations with the buyer agent. I couldn’t have picked a better agent to handle the sell of my property. "
- D.F., Sahuarita AZ
"I listed my home with Russ and he had an offer for me within 7 days. I had listed with two other Realtors with no success. I have bought and sold several homes in my lifetime and I will say that Russ is the best Realtor that I have ever had."
- G.S., Green Valley AZ
"Honest with facts and straight forward with helpful guidance. Our purchase was long distance in nature. It is important to work with someone, like Russ, you can trust."
- J.N., 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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