Tucson, Arizona is a great place to live and/or own a second home/investment property.  The greater Tucson area offers everything someone may want.  Housing prices are quite low on a cost/square foot basis as are real estate taxes.  There's homes priced to fit any budget. 

Here's a brief snapshot of the current market. Below are some highlights from the March Residential Sales Statistics:

• Total Sales Volume this month of $360,404,000 is an increase of 33.47% from last month’s number of $270,019,575.

• The Average Sales Price of $246,514 is a decrease of 1.04% from $249,095 in February.

• Average List Price of $246,514 is a decrease of 3.43% from last month’s number of $255,269.

• Total Under Contract increased from 1,998 in February to 2,157 this month.

• Total Unit Sales jumped from 1,084 in February to 1,462 this month, up 34.87%, but down by .07% from March 2017.

• The Median Sales Price of $210,000 is up 1.45% from $207,000 in February, and up 6.60% since this time last year.

• New Listings increased to 1,962 from 1,776 last month.

• Total Active Listings of 3,186 decreased from last month’s number of 3,293, a 3.25% drop.

• Average Days on Market dropped to 43 from 49 last month.

• Conventional loan sales of 43.6% exceeded Cash Sales of 27.6%.

Please don't hesitate to call me at 520-248-1239 or email me at grichman@RichmanTucsonHomes.com in order to discuss Tucson area real estate and/or any questions you may have.