Tucson Area Market Report for July 2020

The Tucson market favors the seller as inventory continues to be extremely low. Listing prices as well as sales prices continue with modest gains, while Days-on-Market for properties in the under $250K “sweet spot” is less than 10 days!

First-time buyers are looking to get into a home while they have favorable rates, so most listings are receiving multiple offers. For the new home buyer, a creative, yet aggressive strategy is required to be the winning offer.