(Disclosure: Rose Law Group represents Ashton Woods and D.R. Horton.)
By Gabreila Rico | Tucson.com
The diversity of Tucson’s housing is, on the surface, contradictory.
Local first-time homebuyers grapple with rising costs, yet out-of-state homebuyers don’t blink at dropping millions into a second home.
National homebuilders remain confident in the Tucson market, and although permits for new homes have slowed, developers are preparing large swaths of land for future homes as closings on new homes hold steady.
“The positive resale and new home permit data point to better days ahead,” said local housing analyst Jim Daniel, with R.L. Brown Reports. “The overall market is starting to see some balance as builder inventory home supply continues to decrease and new communities open.”
The average new home price in March topped $500,000 for only the third time in Tucson market’s history. The average price rose to $513,062 in May 2023, then settled back down before climbing to $503,375 in January 2025 before it dipped again.
