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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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"This is an agent that really knows the local market and market values. We were under contract in 30 days and he was extremely helpful in assisting us through the inspection process that satisfied us and the buyers. We would highly recommend Russ as his realistic estimates didn’t mislead us and brought more than we had expected as a sales price. Showings began immediately and he would follow up with each real estate agent that showed our home. "
- W.W., Sahuarita AZ
"Excellent service, he sold the house in 2 days. I will definitely recommend him. He’s so easy to work with and very knowledgeable of the area. "
- D.K., Green Valley AZ
"Could not have had a better Realtor. Property was part of an estate and Russ knew exactly how to take care of everything. Up on values, very helpful and constantly kept me informed with all problems and progress. I am out of state and felt very comfortable with him handling the sale. "
- P.S., Orlando FL
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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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