Tucson Real Estate Market Update: What Buyers & Sellers Need to Know Now

The real estate market is constantly evolving, and if you’re thinking about buying or selling a home in Tucson, understanding the latest trends can help you make the best decision. With home sales rising, inventory shrinking, and mortgage rates stabilizing, timing is everything!

Here’s what’s happening in today’s market and what it means for you.

📈 Home Sales Are Climbing

The National Association of Realtors (NAR) recently reported that existing-home sales increased by 2.2% in December and are up 9.3% year-over-year. This signals strong buyer demand—even with higher interest rates.

What this means:

• Homes are still selling quickly, especially well-priced properties in desirable neighborhoods like Oro Valley, Marana, and Vail.

• Buyers need to be pre-approved and ready to act fast in this competitive market.

🏡 Housing Inventory is Shrinking

Total housing inventory dropped 13.5% last month, leaving just 3.3 months of supply at the current sales pace. A balanced market typically has a 5-6 month supply, so we are still in a seller’s market.

For Sellers:
✔️ Fewer homes on the market = less competition for your listing.
✔️ Pricing your home strategically can lead to multiple offers and a faster sale.
✔️ Homes with upgraded kitchens, open floor plans, and outdoor living spaces are in high demand.

For Buyers:
✔️ With inventory dropping, you need a clear strategy and a local expert (that’s me! 😉) to help you secure the right home before it’s gone.

💼 Job Market Strengthens, Boosting Buyer Confidence

The U.S. unemployment rate fell to 4.1% in December, according to the Department of Labor. A strong labor market means more buyers feel confident about investing in homeownership.

What does this mean for you?
🔹 Buyers: Rising wages and job security make it a great time to lock in homeownership before prices rise further.
🔹 Sellers: More qualified buyers means increased demand for move-in-ready homes.

🏠 Should You Buy or Sell Now?

With high demand and low supply, both buyers and sellers have opportunities—but strategy is key.

Thinking of Buying?

🔹 Get pre-approved to strengthen your offer.
🔹 Work with a local expert (like me!) to navigate builder incentives and off-market listings.
🔹 Consider a mortgage rate buydown to lower your monthly payments.

Thinking of Selling?

🔹 Take advantage of low inventory before competition increases in the spring.
🔹 Staging and minor upgrades can help you sell for top dollar.
🔹 Get a free home valuation to see how much your home is worth in today’s market.

📢 Ready to Make a Move? Let’s Talk!

Whether you’re buying, selling, or just exploring your options, having an AI-certified real estate agent by your side makes all the difference. I specialize in helping buyers pay off homes faster and sellers maximize their home’s value.

📞 Call/Text: 520-261-5007
📩 Email:goazsue@gmail.com
🌐 Website:azSUNlifestyle.com

Let’s make your real estate goals happen! 🚀