In August, home prices fell moderately from the month before, with a median listing price of $374,900.
The number of listings on the market shrank 4.5% from last month, which is a bigger decrease than normal for this time of the year in Tucson, and homes are also selling slower than at the same time last year.
Home prices in Tucson
Typically, home price per square foot in Tucson tend to rise in August. But the most recent data shows that the price per square foot decreased by 0.7% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Old Pueblo are smaller the national market.
Tucson inventory
In August, there were 2,496 homes for sale in Tucson, which was 4.5% less than the month before and 37.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
The number of new listings in Tucson was 824, which was 6.6% less than the month before and 4.2% less than the same time last year.
Nationally, the number of new listings fell by 7.5% from last month to 402,268.
Time on market
Homes in Tucson take an average of 60 days to sell, according to August figures.
This is two days more than the previous month and 12 days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Tucson, AZ.