Strong home sales in Tucson

By Mike Sunnucks | Rose Law Group Reporter

The Tucson housing market posted a strong jump in new home sales and continues to see price gains, according to new data from real estate research Zonda.

“It’s still very healthy. Demand is still there,“ said Steven Hensley, advisory manager for Zonda.

Hensley said new home sales in metropolitan Tucson are up 14% compared to a year ago, according to new numbers from Zonda. Sales of new homes rose 22% from mid-January to mid-March compared to the previous period.

Hensley said home prices continue to be healthy while supplies of new homes are down. The mirror national and regional trends.

Hensley said the median price for a new home is $360,000 in Tucson. The median prices for an existing home is $310,000 and the inventory of homes for sale is down 61% from a year ago, he said.

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