Tucson Housing Market Pulse – June 2023

 June 2023 Tucson Housing Market Pulse

 Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The June 2023 Tucson Housing Market Pulse shows year over year sales prices for Single Family Homes continue to move up. The median sales price for a single family home increased 3.5% and the average sales price gained 3.2% from June 2022.

Active Listings of Single Family Homes are down 13.4% from June 2022 with 1,593 single family homes on the market at the end of June. At the current burn rate for closed transactions that translates in to 1.8 months supply.

Condos and Townhouses prices moved up as well. The year over year Median sales price moved up 2.0% and Average sales price 3.9%. With 157 Active Listings of Condo/Townhouses on the market there is only a 1.0 months supply.

One more thing, the ratio of sales price to list price is slightly under 100%. Under, but not by much! Both Single Family and Condo/Townhouse stand at 99.2% for June 2023.

Now for the details……

The Tucson Housing Market June 2023 – Single Family Homes

June 2023 Tucson housing marketThe Tucson Housing Market June 2023 – Condos & Townhouses

Condo Townhouse june 2023 Tucson az

The Take Aways

Mortgage Rates

No changes from last month

In the Tucson market, rates appear to be following this pattern holding in the range of 6.50% to 7.40% with Good to Very Good Credit.

Demand

No change here!

The Sale to List Price ratio for June was 99.2% for both Single Family Homes and Condos/Townhouses.

> Inventory Of Homes For Sale

New listings for Single Family Homes are DOWN 35.1% from the prior year and DOWN 11.9% from May 2023. Condos/Townhouses have similar results…..but worst.

> Prices

Median and Average prices are up year over year for both Single Family Homes and Condo/Townhouses. The median sales price for SFH is flat month to month while Condo/TH is up 2.0%

> The Bottom Line

Nothing new here!

Mortgage rates appear to be stable, demand continues to be high and resale inventory low. That means prices should continue to rise. New home builders are going strong and raising prices in response to demand.  Will Tucson home appreciation be greater than the borrowing rate?  Its likely!

Over the last 12 months, the Average Price of a Single Family Home is up 6.4%.  Condos/Townhouses Average Price is up 10.3%.

Considering A Home Tucson – Give Us A Call

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home and what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

Best of all, our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction.

So, if you “really” want the home, make a realistic offer within your budget and timing constraints.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy ………or sell.

Conclusion

Not much changing on a month to month basis in the June 2023 Tucson Housing Market.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Hopefully, you will agree.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

 

Historical Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

By the way, if you missed last months update its right here – May 2023 Tucson Housing Market Pulse.

Foothills Homes Sales August 2016

Foothills Homes Sales August 2016 Update

Quick 1 Minute Foothills Homes Sales August 2016 Update and Foothills Real Estate Trends

Want the latest sales update on Catalina Foothills home sales? Get the information you want in 1 minute. See the latest Foothills Homes Sales August 2016 information for Single Family Residence (SFR).

Our Catalina Foothills home sales report covers the sough after Catalina Foothills community. Want more? Then our Tucson Housing Report covers real estate active for all of Tucson AZ.

Foothills homes sales August 2016 video
Our Catalina Foothills Homes sales August 2016 update summarizes real estate active in this sought after area of Tucson AZ.

The Foothills area is home to the Catalina Foothills High School. This District 16 High School is ranked in the top 10 Arizona schools.

Search Homes for Sale in the Foothills

 

Catalina Foothills Area

The Catalina Foothills area goes from River Road to the south. Oracle Road to the west. Sabino Canyon Road to the east. To the north are Santa Catalina Mountains and Coronado National Forest.

Just click the link below to view August’s Single Family Residences activity.

Play Kim’s Foothills Homes Sales August 2016 Video Update – NOW!

The history of the Catalina Foothills began in the early 1920s. The Catalina Foothills area was then federal trust land. Residential property development began just north of River Road. Ten new housing subdivisions sprang up almost overnight. Early subdivisions offered large lots and low density residential living.

Good fortune came to these first residential developments in the name of Josias Joesler. Joesler arrived in America in the late 1920’s. He had been an architect in Switzerland. Joesler designed many of the homes in these neighborhoods in the 1930’s. He went on to design many of the homes throughout the Catalina Foothills. A “Joesler” home is a sought after treasured home in the Foothills.

Catalina Foothills School District

The Catalina Foothills School District started about this same time. CFSD’s first facility was at East River Road and North Campbell Avenue. That building continues in service as CFSD’s administration facility.

Catalina Foothills High School is just south of Skyline Drive and west of Swan Road. CFHS ranks in the top schools in Tucson and Arizona.

The Catalina Foothills residents founded the Skyline Country Club in 1963. Skyline Country Club is one of the Foothills up scale private clubs.

La Encantada

La Encantada opened in 2005 and brought up scale retail shopping to the Tucson metro area. Located in the Catalina Foothills on the northwest corner of Skyline and Campbell Avenue.

Besides La Encantada, the Catalina Foothills provides world class accommodations. Hacienda del Sol, Westin La Paloma and Loews Ventana Canyon. The world famous Canyon Ranch Resort is also nearby.

Conclusion

Today, the Catalina Foothills local area has a population of over 50,000. Most subdivisions are low-density giving them a rural character.

The Catalina Foothills has some of Tucson’s most impressive homes. Tucson City lights and mountain views abound. The Catalina Foothills has some of the most high-priced homes and land. Tucson MLS statistics show the “Foothills” has the highest median property value in Tucson.

This Catalina Foothills homes sales report is one of eight monthly reports. Get the latest on Tucson real estate sales right here. Furthermore, if you are looking for a home in the Catalina Foothills OR a condo for a winter get away? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

 

3 Take Aways From The May Tucson Housing Market Update

 Insights From The May 2023 Tucson Housing Market

 Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market For May 2023 shows year over year sales prices for single family homes. The median sales price increased 3.8% and the average sales price gained 5.2% from May 2022.

Active Listings are up 10.7% from May 2022 with 1,525 single family homes on the market at the end of May. At the current burn rate for closed transactions that translates in to 1.7 months of inventory.

Condos and Townhouses prices moved up as well. The year over year Median sales price jumped up 3.1% and Average sales price 5.2%. With 162 Active Listings of Condo/Townhouses on the market there is only a 1.0 months supply.

One more thing, the ratio of sales price to list price is slightly under 100%. Single Family and Condo/Townhouse at 98.5% year to date.

Now for the details……

The Tucson Housing Market May 2023 – Single Family Homes

Tucson housing market update May 2023

 

The Tucson Housing Market May 2023 – Condos & Townhouses

condos & townhomes may 2023 housing market

The Take Aways

> Mortgage Rates

Rates hit their highs during late 2022 when they were in the 6.95% to 7.35% range.

Throughout the first half of 2023, the average 30-year fixed mortgage rate has been fluctuating in the range of 6% to 7%. Since May, rates appear to have found stability in the mid-6% range. This has more borrowers ( AKA Home Buyers ) reentering the market in time for the summer home buying season.

Following the Federal Reserve’s decision to increase the benchmark rate by 25 basis points on May 3, Chairman Powell conveyed the committee’s belief that they are drawing closer to reaching their goal. Although the final outcome remains uncertain, his message potentially hints at a prospective pause in rate hikes later this year.

In the Tucson market, rates appear to be following this pattern holding in the range of 6.50% to 7.25% with Good to Very Good Credit.

> Demand

The 2020 Census count for Arizona was 7,151,502, an 11.9 percent increase over the 2010. This ranked Arizona among the 10 fastest-growing states. Four states with the most people moving to Arizona are, California, Washington. Texas and Colorado. The list of reasons for this inflow of people to Arizona are varied. Everything from cost of living, work related, politics to retirement.

But it is clear, Arizona is a popular destination for many reasons. Weather, cost of living and lifestyle are but a few.

The University of Arizona outlook on population of the greater Tucson area projects 227,000 more residents over the next 25 years. So, unless there is an event that stops these migrations and growth, the demand for home in the greater Tucson area will remain strong.

> Inventory Of Homes For Sale

May inventory of 1,525 single family homes is up 10.7% from May 2022. Over the past 12 months the highest number of homes on the market was 2,698 in October 2022. Over the 7 months since then, the inventory of homes for sale has DROPPED 43.5%.

The number of sellers is down…..down…..down. Why? The move up buyer can’t move up. Yes, they can get a lot for their home, but what can they buy? Buy at a higher mortgage rate as well.

> Prices

May’s average sales price for a single family home was up 5.2% from May 2022. Not insignificant. But what has occurred during the last 12 months. In June 2022, the average price for a single family home was $471,066. Eight months later, February 2023, the average price was $433,923. For May 2023, the average price was $499,655. That’s a 15.1% increase in 3 months and the highest average sales price in the last 12 months.

> The Bottom Line

Mortgage rates appear to be stable, demand continues to be high and inventory low. It is likely these factors will continue going forward. That means prices will continue to rise. Will home appreciation be greater than the borrowing rate? Hmmmmm? It is likely it will

Considering A Home Tucson – Give Us A Call

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home and what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

Best of all, our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction.

So, if you “really” want the home, make a realistic offer within your budget and timing constraints.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy ………or sell.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Historical Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

By the way, if you missed last months update its right here – April 2023 Tucson Housing Market Update.

Tucson Housing Market April 2023 Update

 The April 2023 Tucson Housing Market At A Glance

Real Estate Market Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market For April 2023 shows both the Median and Average Sales Prices for single family homes increased by 1.3% and 1.6 % respectively from April 2022. Month to month the Median price increased 2.7% from March and the Average Price was flat.

Active Listings stand at 1,512 single family homes on the market at the end of April. While that is up 22.2% from April 2022, Active Listings were down 9.8 % from the March 2023 level.  April Active Listings translate into a 1.0 months supply.

Following single family homes, the Median and Average Sales price for Condos and Townhouses moved up as well. The year over year Median sales price jumped up 9.3% and Average sales price 3.0%. With 172 Active Listings of Condo/Townhouses on the market there is only a 1.0 months supply.

Now for the details……

The Tucson Housing Market April 2023 – Single Family Homes

tucson housing market report april 2023

The Tucson Housing Market April 2023 – Condos & Townhouses

tucson az condo townhouse april 2023

The Drivers – NO Changes Here! Strong Demand, Historically Low Inventory and Mortgage Rates in the 6.5 to 7.0% range.

With the low inventory of Single Family Homes and Condos/Townhouses available, the Sale to List price ratio remains around 99%.  The Tucson market is NOT falling off a cliff.

The view from NAR is that the Tucson real estate market will to continue growing in 2023 and 2024. Home values will increase, driven by high demand and limited inventory. Buyers will need to pull the trigger quickly when the right house comes along.

As one would expect, the low resale inventory means the demand for new construction remains high. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale.

Why? Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

Another consideration is new home buyers are waiting 8 to 12++ months to move in.

Another option? A fixer upper could be the answer. If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket.

Considering A Home Tucson – Give Us A Call

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We are here for you!

We’ll brief you on buying a new construction home and what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction.

So, if you “really” want the home, make a “reasonable” offer. While home price increases have fallen into single digits, the sale to list ratios are still around 99%.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy ………or sell.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Tucson Housing Market March 2023 Update

 The March 2023 Tucson Housing Market At A Glance

Real Estate Market Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market March 2023 shows both the Median and Average Sales Prices for single family homes inched up 1.4 % and 2.0 % respectively from March 2022. On a month to month look, prices increased 3.3% and 6.4% from February’s results.

Active Listings stand at 1,676 single family homes on the market at the end of March. While that is up 53.5% from March 2022, this level of Active Listings is down 12.1% from the February 2023 level. March Active Listings translate into a 1.8 months supply.

Following single family homes, the Median and Average Sales price for Condos and Townhouses moved up as well. The year over year Median sales price jumped up 2.0% and Average sales price 4.4%. With 202 Active Listings of Condo/Townhouses on the market means there is only a 1.2 months supply.

Now for the details……

The Tucson Housing Market March 2023 – Single Family Homes

March 2023 Tucson single family homes

The Tucson Housing Market March 2023 – Condos & Townhouses

Tucson Condo Townhouse sales march 2023

 

Inventory of Condos and Townhouses stands at 95 units on the market. That is a drop of 36.2% from March 2021.

Percentage Of Listing Price Paid By Buyer – Is 98.7% For Single Family Homes & 98.3% For Condos/Townhouses

Percent sales price to list march 2023 Tucson az

 

The Drivers – NO Changes Here! Strong Demand, Historically Low Inventory and Mortgage Rates in the 6.0 to 6.35% range.

Sellers are in command as buyers look for their “perfect” home in this market.

The low resale inventory mean demand for new construction remains high. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

Last but not least, new home buyers are waiting 8 to 12++ months to move in.

Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction.

So, if you “really” want the home, make a “reasonable” offer. While home price increases have fallen into single digits, the sale to list ratios are still over 98%.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy ………or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market February 2023 Results

Tucson Real Estate Update – February 2023

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Results for the Tucson Housing Market February 2023 show the Average Sales Prices for a single family home Decreased 0.9% year over year. For the same period, the Median Sales Price Increased 1.7%.

Active Listings continue at historic lows with 1,906 single family homes on the market at the end of February 2023. That translates to a 2.0 month supply.

It is worth noting that while active listings are up year over year, they actually dropped 8.6% from January 2023.

The Average and Median Sales price for Condos and Townhouses increased year over year. The Average sales price increased 5.1% while the Median sales price gained 10.2%.

Now for the details……

The Tucson Housing Market February 2023 – Single Family Homes

Tucson homes February 2023 Summary

The Tucson Housing Market February 2023 – Condos & Townhouses

Townhomes Condos Tucson february 2023

Inventory of Condos and Townhouses stands at 236 units on the market. That is an increase of 116.5% from February 2022, but down 8.5% from the prior month.

Average Sales Prices – Decreased 0.9% Year Over Year For Single Family Homes, while Condos/Townhouses Increased 5.1%.

Median Sales Prices – Increased 1.7% Year Over Year For Single Family Homes and 10.2% For Condos/Townhouses

Active Listings – Single Family Homes Increased 67.0% From February 2022 to 1,906 homes for sale. However, that was a Decrease of 8.6% from the prior month.

Average Days On Market (DOM) – Stands At 54 Days For Single Family Homes and 35 Days for Condos/Townhouses

For Single Family Home Days On Market increased 116% from February 2022. For Condo/Townhouses DOM increased 118.8% from the prior year period.

Percentage Of Listing Price Paid By Buyer – Is 98.1% For Single Family Homes And 98.0% For Condos/Townhouses

——–

 

The Drivers are stable – Inventory is UP year over year, but down from the prior month. February inventory levels remain low compared to “normal” market conditions.

Mortgage interest rates are in the 5.5% to 6.5% range. Days on market continue to rise and finally broke the 50 day level. Demand continues to be strong to good depending on price point.

New construction builders are using incentives to close the deal. Homes are being built across Tucson, but keep in mind a new construction home may cost more than a resale due to landscaping and home furnishing costs.

Keep in mind, when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $50,000 to $90,000 for a standard no frills pool.

By the way, if you want to be represented by a Realtor when buying new construction your Realtor MUST BE with you for your first visit at the sales office. Here are some considerations on why Realtor representation for new construction is important.

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

Why Consider Tucson?

Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States with lots of Things To Do!

Keeping YOU Abreast Of The Market

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

And best of all, our professional service backgrounds mean we put you first!

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future 55+ retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market January 2023 Results

Tucson Real Estate Update – January 2023

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Results for the Tucson Housing Market January 2023 show both the Average and Median Sales Prices for a single family home increased year over year, by 7.1% and 2.9% respectively.

Active Listings continue at historic lows with 2,085 single family homes on the market at the end of January 2023. That translates to a 2.2 month supply.

It is worth noting that while active listings are up year over year, homes for sale actually dropped 13.1% from December 2022.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price jumped up 15.8% and Median 14.7%.

Now for the details……

The Tucson Housing Market January 2023 – Single Family Homes

January 2023 housing market single family homes

The Tucson Housing Market January 2023 – Condos & Townhouses

Tucson January 2023 condo Townhomes

Inventory of Condos and Townhouses stands at 258 units on the market. That is an increase of 95.5% from January 2022, but down 16.8% from the prior month.

Average Sales Prices – Increased 7.1% Year Over Year For Single Family Homes And 15.8% For Condos/Townhouses

Average Sales price January 2023 Tucson

Median Sales Prices – Increased 2.9% Year Over Year For Single Family Homes And 14.7% For Condos/Townhouses

Median Sales Price january 2023

Active Listings – Single Family Homes Increased 67.1% From January 2022 to 2,085 homes for sale. However, that was a Decrease of 13.1% from the prior month.

Active listings Tucson housing market

Average Days On Market (DOM) – Stands At 49 Days For Single Family Homes and 36 Days for Condos/Townhouses

days on market January 2023 Tucson

For Single Family Home Days On Market increased 104.2% from January 2022. For Condo/Townhouses DOM increased 71.4% from the prior year period.

Percentage Of Listing Price Paid By Buyer – Is 97.6% For Single Family Homes And 98.1% For Condos/Townhouses

Sold to list percent Tucson January 2023

 

The Drivers are shifting – Inventory is UP year over year, but down from the prior month. As before, inventory is still low compared to “normal” market conditions. Mortgage interest rates are in the 5.5% to 6.5% range. Days on market is getting longer, but under 50 days. Demand continues to be strong to good depending on price point.

Demand for new construction has moderated and builders adding incentives to close the deal. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale due to landscaping and home furnishing costs.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $45,000 to $70,000 for a standard no frills pool.

By the way, if you want to be represented by a Realtor when buying new construction your Realtor MUST go with you to the first meeting at the sales office. Here are some considerations why Realtor representation for new construction is important.

And while prices continue to rise, Tucson is still a good value compared to many areas in the U.S.

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

Tucson Is A Great Place To Live

Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States with lots of Things To Do!

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer.

You have to ask yourself, “Will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If the answer is yes, put in an offer you and your Realtor think is reasonable.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Go to the Tucson housing report archives for a look at priore housing reports and trends.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future 55+ retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market December 2022 Results

Tucson Real Estate Update – December 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market December 2022 Results shows both the Average and Median Sales Prices for a single family home increased year over year, by 5.6% and 7.1% respectively.

Active Listings continue at historic lows with 2,271 single family homes on the market at the end of December 2022. That translates to a 2.3 month supply.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price jumped up 18.2% and Median 18.4%.

Now for the details……

The Tucson Housing Market December 2022 – Single Family Homes

Tucson single family homes dece;mber 2022

The Tucson Housing Market December 2022 – Condos & Townhouses

condo townhomes Tucson December 2022

Inventory of Condos and Townhouses stands at 284 units on the market. That is an increase of 74.2% from December 2021.

Average Sales Prices – Increased 5.6% Year Over Year For Single Family Homes And 18.2% For Condos/Townhouses

Average sales price december 2022

Median Sales Prices – Increased 7.1% Year Over Year For Single Family Homes And 18.4% For Condos/Townhouses

december 2022 median sales price

Active Listings – Single Family Homes Increased 53.9% From December 2021 to 2,271 homes for sale. However, that was a Decrease of 12.0% from the prior month.

Tucson Active Listings Dec 2022

Average Days On Market (DOM) – Stands At 45 Days For Single Family Homes and 39 Days for Condos/Townhouses

Days on market

For Single Family Home Days On Market increased 87.5% from December 2021. For Condo/Townhouses DOM increased 69.6% from the prior year period, that’s 2Days.

Percentage Of Listing Price Paid By Buyer – Is 98.0% For Single Family Homes & 97.6% For Condos/Townhouses

Dec 2022 percent of list price

 

The Drivers are shifting – Inventory is UP, but still low compared to “normal” market conditions. Mortgage interest rates are coming down into the lower 6% area. Days on market is getting longer, but under 50 days. Demand continues to be strong to good depending on price point.

Demand for new construction has moderated and builders adding incentives to close the deal. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale due to landscaping and home furnishing costs. But the time to get into a new home is, for now, getting quicker.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $45,000 to $70,000 for a standard no frills pool.

And while prices continue to rise, Tucson is still a good value compared to many areas in the U.S.

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

December 2022 Mortgage Rates

Mortgage rates have decreased from the years highs and are now in the 6.0% to 6.5% for a 30-year conventional loan. Mortgage “buy downs” are getting traction in the market.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer.

You have to ask yourself, “Will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If the answer is yes, put in an offer you and your Realtor think is reasonable.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market November 2022 Results

The Tucson Housing Market November 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Real Estate MarketThe Tucson Housing Market November 2022 Results shows both the Average and Median Sales Prices for a single family home increased year over year, by 10.4% and 7.6% respectively.

Active Listings increased year over year, but continue at historic lows with only 2,468 single family homes on the market at the end of November. That was a decrease of 6.4% from October 2022. At the November rate of sales that translates into a 2.4 month supply.

Following single family homes, the year over year Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price jumped up 14.7% and Median 9.5%.

Now for the details……

The Tucson Housing Market November 2022 – Single Family Homes

Single Family November 2022

The Tucson Housing Market November 2022 – Condos & Townhouses

November 2022 condo townhouse tucson

Inventory of Condos and Townhouses stands at 321 units on the market. That is a 72.6% increase from November 2021. But  a 4.5% Decline from October 2022.

Average Sales Prices – Increased 10.4% Year Over Year For Single Family Homes And 14.7% For Condos/Townhouses

Average Sales Price Tucson November 2022

Median Sales Prices – Increased 7.6% Year Over Year For Single Family Homes And 9.5% For Condos/Townhouses

Tucson Median sales price November 2022

 

Active Listings – Single Family Homes Increased 51.6% From November 2021. Condos posted a 72.6% Gain Year Over Year.

It is worth noting that the November single family inventory of 2,468 is actually down 6.4% from the October 2022!

Active listings Tucson housing market november

Average Days On Market (DOM) – Stands At 38 Days For Single Family Homes And 32 For Condos/Townhouses

For Single Family Home Days On Market increased 90.0% from November 2021, up 18 days. For Condo/Townhouses DOM rose 88.2% from the prior year period – 15 Days.

 

Days on market November 2022

 

Percentage Of Listing Price Paid By Buyer – Is 98.4% For Single Family Homes & 98.5% For Condos/Townhouses

This is the 4th month where Sold Price to List is under 100%. But NOT BY MUCH!

Sales price percent of List price tucson november 2022

The Drivers – NO Changes Here! Strong Demand, Low Mortgage Rates And Low Inventory

Pending sales are down, but sellers are not flooding the market with new listings and inventory remains at historical lows. As shown by the Sold/List percentage, the Tucson real estate market has not taken a significant hit…….so far!

New homes are being built across Tucson and at larger 55+ communities. But in most cases, that new construction home will likely cost more than a resale.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $45,000 to $70,000 for a standard no frills pool.

And while prices have soften, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

November 2022 Mortgage Update

Mortgage rates are over 7% for a 30-year conventional loan giving cash buyers a big edge.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson an easy choice.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues is a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer.

You have to ask yourself, “Will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If the answer is yes, put in an offer you and your Realtor think is reasonable.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Questions about the Tucson AZ Real Estate Market or Tucson Homes for Sale? Call Us – 520-940-4541 OR our easy CONTACT FORM and we will get right back to you!

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market October 2022 Results

Tucson Housing Market October 2022

Market Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Real Estate MarketOur Tucson Housing Market October 2022 Update shows real estate adjusting to higher interest rates and improving home inventory. BUT, Sellers remain in control in most price ranges.

Also, the October 2022  sale to list price ratio is 98.5%. That is 3 months in a row under 100%. However, it did not change from the September level.

Average and Median Sales Prices for single family homes increased year over year by – 13.1% and 12.7% respectively.

Looking at the 2022 Year To Date changes for 2022 vs 2021 the increased remain double digit –  12.8% and 15.4%, respectively.

Active Listings increased to 2,526 at the end of October. That is up 35.8% from October 2021, BUT ONLY 8.1% from the prior month. At the current rate of sales that translates into a 2.3 months supply. Increasing, but still below historical levels and suggesting Sellers are still holding the cards.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up.

The year over year Condo/Townhouse Average sales price up 15.0% and Median was up 20.7%. Active listings increased to 316 units on the market and that is up over 70% over October 2021.

Now for the details……

The Tucson Housing Market October 2022 – Single Family Homes

Year over year price gains moved back to double digits as inventory continues to increase slowly.

Market Report Single Family

 

The Tucson Housing Market October 2022 – Condos & Townhouses

Continuing double digit price gains and increasing month over month inventory.

Condo Twonhouses Report

 

Inventory of Condos and Townhouses stands at 316 units on the market. Up 70.1% from October 2021, but only 43 units or 15.8% month to month.

Average Sales Prices – Single Family Home Increased 13.1% Year Over Year & Condo/Townhouses gained 15.0%

Tucson Average Sales Price

 

Median Sales Prices – Single Family Home Increased 12.7% Year Over Year & Condo/Townhouses gained 20.7%

Median Sales Price Tucson

 

Active Listings – Single Family Homes Increased 35.8% From October 2021…..To 2,526 homes & Condo/Townhouses Increased 71.7% to 316 Units

Active Listings Tucson October

 

Average Days On Market (DOM) – 30 Days For Single Family Homes and 25 days for Condo/Townhouses

Days On Market October 2022

Percentage Of List Price Paid By Buyer – Single Family Homes  at 98.5% of list and Condo/Townhouses Sold At 98.3%

Percent of Sales Price Tucson October

 

SELLERS continue to control of the market due to the low number of homes for sale. The Sale/List price stayed below 100% for the third month, but did not change from September.

The demand for retirement or seasonal homes in Tucson remains strong, but as inventory grows one would expect the Sold/List price ratio to fall further.

The Drivers – Demand remains strong, inventory increasing slowly and mortgage rates topping 7.0+%.

How will those factors effect buyers during the last quarter of 2022 is a unanswered question?

New Construction

Demand for new construction remains strong, but some builders are “managing” the number of homes they are committing to build due to raising material costs and supply.

There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson remains a good value compared to many areas in the U.S

If a “fixer upper” has some appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

October 2022 Mortgage Update

Mortgage rates have moved over 7.0% for a 30-year conventional loan depending on the lender. Inflation has increased the cost of home ownership, but Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 101.4% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Tucson Housing Market October 2022 continues to show strong year over year price increases. But higher prices and mortgage rates approaching 6% have cooled demand. Both home sales and mortgage applications have fallen from last years levels.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!