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Local Market Insights | City of Tucson | January 2020

Updated: Jan 20, 2021

The Tucson housing market has continued to stay strong in January. Home prices are still rising while inventory continues to decline. Check out the stats below for more details.

- New Listings decreased 4.8 percent for Single Family but increased 2.4 percent for Townhouse/Condo.

- Pending Sales increased 21.9 percent for Single Family and 9.1 percent for Townhouse/Condo.

- Inventory decreased 30.1 percent for Single Family and 21.9 percent for Townhouse/Condo.

- Median Sales Price increased 5.2 percent to $245,000 for Single Family and 9.7 percent to $170,000 for Townhouse/Condo.

- Days on Market decreased 14.6 percent for Single Family and 13.3 percent for Townhouse/Condo.

- Months Supply of Inventory decreased 33.3 percent for Single Family and 21.1 percent for Townhouse/Condo.

If you are thinking about selling your home this year, contact us today. We will show you all the benefits you get, when you list with us!

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