Tucson, AZ home prices and housing market

In Tucson, one in every five homes for sale has already had its price cut. If you are thinking about selling this year, that single number tells you where your leverage actually stands. The typical home is worth about three hundred thirty-four thousand dollars, down just under one percent from a year ago, so values are not falling apart, they are drifting sideways. But the supply side is building. There are about two thousand seven hundred homes on the market right now, and nearly a thousand new listings came on in the past month alone. Buyers have plenty to look at, and they are taking their time. The typical home is sitting for about 58 days before it sells. Here is the part that should shape your plans. The median asking price is about three hundred fifty-one thousand dollars, roughly seventeen thousand dollars above the typical home's actual value. That gap is exactly why a fifth of sellers end up cutting. They list high, sit for weeks, then chase the market down. The move in Tucson this fall is simple: price at or just below what the market says your home is worth, from day one. Homes priced right are still selling; overpriced ones are feeding that price cut statistic. If you want to know what your Tucson home is worth right now, get a free estimate at Home Value Pros dot com.