New home prices in Tucson hold steady

By Gabriela Rico | Arizona Daily Star

After soaring above the $500,000 mark last spring, average new home prices in the Tucson market have leveled off.

Bucking the national trend of climbing prices for the past six months, Tucson’s average new home prices have held steady under $500,000 with smaller lots, less amenities and homebuilder financing programs contributing to cost reductions.

But the demand for housing locally is fueling new developments and the first quarter of the year saw the number of permits for new homes jump more than 100%.

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May 13, 2024

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New home prices in Tucson hold steady

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