Tucson home prices up 9.4% over the past year, report finds

Inside Tucson Business

The recovery in the Tucson housing market is gaining momentum. The real estate data and marketing CoreLogic says home prices, including distressed sales, were up by 9.4 percent in May from May 2012. The month-to-month increase was up 1.3 percent from April.

Excluding distressed sales, which include properties that have been seized by lenders and short sales, year-over-year prices increased by 6.2 percent in May 2013. On a month-over-month basis, CoreLogic’s home price index shows prices were up 1.1 percent.

The Tucson price increase lag Arizona’s statewide index that showed prices were 16.9 percent from May 2012 to May 2013.

Continued:

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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July 7, 2013

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