In October, home prices rose slightly from the month before, with a median listing price of $375,000.
The number of listings on the market grew 2.9% from last month, which is a smaller increase 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 fall in October. And the most recent data shows that the price per square foot decreased by 0.6% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Old Pueblo are smaller the national market.
Tucson inventory
In October, there were 2,634 homes for sale in Tucson, which was 2.9% more than the month before and 23.1% more than the same time last year.
Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.
The number of new listings in Tucson was 938, which was 6.4% less than the month before and 6.1% more than the same time last year.
Nationally, the number of new listings fell by 2.7% from last month to 384,264.
Time on market
Homes in Tucson take an average of 57 days to sell, according to October figures.
This is five days less than the previous month and eight days more than the same month last year.
For comparison, nationally homes spent an average of 63 days on the market in October.
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.