Tucson home prices up 34% YoY

By Real Estate Daily News

TUCSON, ARIZONA —April was another strong month for Tucson home sales according to indicators from Tucson MLS. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase.

New Listings increased 26.0 percent for Single Family and 55.9 percent for Townhouse/Condo. Pending Sales increased 35.6 percent for Single Familyand 107.7 percent for Townhouse/Condo. Inventory decreased 64.1 percentfor Single Family and 61.2 percent for Townhouse/Condo.


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