Courtesy of MLSSAZ.  

As we view the result of the 2017 statistics, it is important to note that the main market areas surveyed by this statistical report changed in 2017. Prior year statistics included the geographic area for Green Valley and Sahuarita. Because of the MLS regionalization efforts, the MLS area boundaries were adjusted and Green Valley and Sahuarita are no longer included in the main market areas for the Tucson Association of REALTORS® resulting in a lower number of listings in comparison to previous years.

2017 proved to be a great year for the Tucson housing market with the highest Total Sales Volume in the last ten years. Listing prices and sales prices have continued to grow towards levels not seen since before the recession. Please continue to read through the following pages to see the Tucson Market Trends.

The average list and sold prices were up. Days on market as well as cumulative days on market saw a significant decrease again this year. All of these factors are indicative of the high demand and low inventory, and point to an economic recovery in Tucson. 

Tucson, AZ and it's surrounding areas are fantastic places to live.  The weather is perpetually nice, the Sonoran Desert and surrounding mountain ranges will take your breath away, there are many, many ways to recreate, and housing prices and real estate taxes are comparitely low to the rest of the country.  There's heterogeneous demographics in the greater Tucson area which brings an awesome cultural blend to life around the Tuscon area.  Tucson has incredible medical facilities as well as a teaching hospital, The University of Arizona, and many other amenities that make living in Tucson uncomparable.  

If you have any questions, let's discuss them.  Call at any time.  Evenings and weekends are fine.  Gregory Richman, Realtor/Investor, 520-248-1239, grichman@RichmanTucsonHomes.com.