Hello, I’m Amron Lehte, a REALTOR® with Tierra Antigua Realty here in Tucson, Arizona. Today, I want to provide you with a Tucson real estate market update for last month.

Let’s start with the current inventory levels in Tucson. As of now, there are 2.86 Months Supply of Inventory available. This number represents the amount of time it would take to sell all current listings on the market if no new listings were added. Over the last 12 months, we have seen a 20.17% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.

Next, let’s talk about List to Sold Price percentage. Currently, homes in Tucson are selling at an average of 97.8% of their list price. This metric gives us insight into the competitiveness of the market and can help both buyers and sellers understand pricing trends.

When it comes to the median days on market, we are seeing homes in Tucson sell in an average of 47 days. This number can vary depending on the specific neighborhood and property type, but it gives us a general idea of how quickly homes are moving in the current market.

And finally, the median sold price in Tucson is $427,200. This number represents the middle point of all homes sold in the area, providing a snapshot of the overall pricing trends in the market.

As a REALTOR®, I can provide you with accurate and data-driven information to help you make informed decisions about buying or selling your home.

If you have any questions or would like to discuss how these market trends may impact your real estate goals, feel free to reach out to me. My contact information is my profile bio.

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