November 2020 Tucson Housing Market Update
Tucson Luxury Home Market Update
In the Tucson Luxury market, October 2020 active inventory was 218, an 18% decrease from October 2019. There were 44 closings in October 2020, an 83% increase from October 2019. Year-to-date 2020 there were 337 closings, a 36% increase from year-to-date 2019. Months of Inventory was 5.0, up from 11.0 in October 2019. Median price of sold homes was $933,239 for the month of October 2020, up 2% from October 2019. The Tucson Luxury area had 60 new properties under contract in October 2020, up 150% from October 2019.
Oro Valley, Arizona
In the Oro Valley area, October 2020 active inventory was 130, a 28% decrease from October 2019. There were 103 closings in October 2020, a 36% increase from October 2019. Year-to-date 2020 there were 797 closings, a 4% decrease from year-to-date 2019. Months of Inventory was 1.3, down from 2.4 in October 2019. Median price of sold homes was $350,050 for the month of October 2020, up 7% from October 2019. The Oro Valley area had 104 new properties under contract in October 2020, up 44% from October 2019.
Dove Mountain
In the Dove Mountain area, October 2020 active inventory was 54, a 50% decrease from October 2019. There were 26 closings in October 2020, a 4% increase from October 2019. Year-to-date 2020 there were 267 closings, a 4% decrease from year-to-date 2019. Months of Inventory was 2.1, down from 4.3 in October 2019. Median price of sold homes was $415,000 for the month of October 2020, up 28% from October 2019. The Dove Mountain area had 39 new properties under contract in October 2020, up 44% from October 2019.
Continental Ranch
In the Continental Ranch area, October 2020 active inventory was 13, a 57% decrease from October 2019. There were 26 closings in October 2020, a 30% increase from October 2019. Year-to-date 2020 there were 252 closings, a 9% increase from year-to-date 2019. Months of Inventory was .5, down from 1.5 in October 2019. Median price of sold homes was $257,500 for the month of October 2020, up 8% from October 2019. The Continental Ranch area had 25 new properties under contract in October 2020, unchanged from October 2019.
