Top Mega Teams in Tucson, Arizona – Ranked by Sides

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    3Stratton GroupKeller Williams Southern ArizonaTucson, AZ 276.0View Profile
    5Wilhems TeameXp RealtyTucson, AZ 215.0View Profile

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    2023 Tucson, Arizona Housing Market Summary

    Tucson, Arizona started 2023 with a total of 1,475 single-family homes on the market, with a median home price of $375,000 and an average price per square foot of $236. By the end of the year, inventory had decreased to 1,273 homes on the market (-13%), with a median home price of $419,990 (+11%) and an average price per square foot of $251 (+6%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 56 days.

    Tucson started the year with 50% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Tucson homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Tucson started 2023 as a seller’s market, with an MAI score of 41; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

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    Collabra Technology CEO Russ Cofano joins the “Real Estate Insiders Unfiltered” podcast to explore legal battles, clear cooperation and leadership.

    Housing Market News

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    Dec 03, 2024 7:00 amBy

    Prospective homeowners enter the housing market with two questions: Where do I begin? How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point. Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Fortunately, home buying doesn’t have to remain confusing for new buyers. 

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    Agent News

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    Continued downward trend in agent mobility reflects ongoing challenges in real estate market 

    Nov 29, 2024By

    Key observations from October • Continued decline in agent movement:   The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months.  • Factors influencing decline  The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ […]