Tucson Housing Market

Tucson Main Housing Market

In the Tucson Main Market area, August 2020 active inventory was 1,614, a 43% decrease from August 2019. There were 1,571 closings in August 2020, a 7% decrease from August 2019. Year-to-date 2020 there were 12,600 closings, a 3% decrease from year-to-date 2019. Months of Inventory was 1.0, down from 1.7 in August 2019. Median price of sold homes was $250,000 for the month of August 2020, up 11% from August 2019. The Tucson Main Market area had 1,922 new properties under contract in August 2020, up 9% from August 2019.

Tucson Luxury Housing Market

In the Tucson Luxury market, August 2020 active inventory was 205, a 15% decrease from August 2019. There were 37 closings in August 2020, a 54% increase from August 2019. Year-to-date 2020 there were 246 closings, a 27% increase from year-to-date 2019. Months of Inventory was 5.5, down from 10.0 in August 2019. Median price of sold homes was $1,174,000 for the month of August 2020, up 32% from August 2019. The Tucson Luxury area had 60 new properties under contract in August 2020, up 173% from August 2019.

Oro Valley Housing Market

In the Oro Valley area, August 2020 active inventory was 141, a 23% decrease from August 2019. There were 89 closings in August 2020, a 3% increase from August 2019. Year-to-date 2020 there were 516 closings, a 26% decrease from year-to-date 2019. Months of Inventory was 1.6, down from 2.1 in August 2019. Median price of sold homes was $373,000 for the month of August 2020, up 4% from August 2019. The Oro Valley area had 103 new properties under contract in August 2020, up 26% from August 2019.

Rancho Vistoso Housing Market

In the Rancho Vistoso area, August 2020 active inventory was 70, a 33% decrease from August 2019. There were 49 closings in August 2020, a 2% increase from August 2019. Year-to-date 2020 there were 267 closings, a 19% decrease from year-to-date 2019. Months of Inventory was 1.4, down from 2.2 in August 2019. Median price of sold homes was $367,500 for the month of August 2020, down 1% from August 2019. The Rancho Vistoso area had 50 new properties under contract in August 2020, up 67% from August 2019.

Suncity – Oro Valley Housing Market

In the Sun City Oro Valley area, August 2020 active inventory was 7, a 13% decrease from August 2019. There were 9 closings in August 2020, a 31% decrease from August 2019. Year-to-date 2020 there were 76 closings, a 30% decrease from year-to-date 2019. Months of Inventory was .8, up from .6 in August 2019. Median price of sold homes was $301,950 for the month of August 2020, up 2% from August 2019. The Sun City Oro Valley area had 15 new properties under contract in August 2020, up 7% from August 2019.

Dove Mountain Housing Market

In the Dove Mountain area, August 2020 active inventory was 50, a 47% decrease from August 2019. There were 33 closings in August 2020, a 3% decrease from August 2019. Year-to-date 2020 there were 209 closings, a 7% decrease from year-to-date 2019. Months of Inventory was 1.5, down from 2.8 in August 2019. Median price of sold homes was $427,990 for the month of August 2020, up 26% from August 2019. The Dove Mountain area had 30 new properties under contract in August 2020, up 25% from August 2019.

Continental Ranch Housing Market

In the Continental Ranch area, August 2020 active inventory was 8, a 62% decrease from August 2019. There were 28 closings in August 2020, a 17% increase from August 2019. Year-to-date 2020 there were 261 closings, a 40% increase from year-to-date 2019. Months of Inventory was .3, down from .9 in August 2019. Median price of sold homes was $262,875 for the month of August 2020, up 12% from August 2019. The Continental Ranch area had 28 new properties under contract in August 2020, down 13% from August 2019.

North Tucson Housing Market

In the Tucson North area, August 2020 active inventory was 209, a 41% decrease from August 2019. There were 155 closings in August 2020, a 12% increase from August 2019. Year-to-date 2020 there were 1,169 closings, a 2% decrease from year-to-date 2019. Months of Inventory was 1.3, down from 2.5 in August 2019. Median price of sold homes was $429,500 for the month of August 2020, up 18% from August 2019. The Tucson North area had 186 new properties under contract in August 2020, up 22% from August 2019.

Tucson Main Housing Market

En la Area Metropolitana de Tucson, el inventario activo del mes de agosto de 2020 fue de 1,614 propiedades, una disminución de 43% en comparación con el mes de agosto de 2019. Hubieron 1,571 ventas en el mes de agosto de 2020, una disminución de 7% en comparación a agosto de 2019. El acumulado anual hasta la fecha en 2020 es de 12,600 ventas, una disminución del 3% ante el mismo período de 2019. Los meses de inventario es de 1.0 bajo del 1.7 del mes de agosto de 2019. El precio medio de las casas vendidas durante el mes de agosto 2020 fue de $250,000 mostrando un aumento de 11% en comparación a agosto de 2019. En el area Metropolitana de Tucson en el mes de agosto de 2020 habían 1,922 nuevas propiedades bajo contrato, un aumento de 9% en comparación del mes de agosto de 2019.