April 2022 Housing Report

Greater Tucson Main Market I APRIL 2022

In the Tucson Main Market area, March 2022 active inventory was 1,017, a 27% increase from March 2021. There were 1,860 closings in March 2022, a 7% decrease from March 2021. Year-to-date 2022 there were 4,856 closings, a 1% decrease from year-to-date 2021. Months of Inventory was 0.5, up from 0.4 in March 2021. Median price of sold homes was $369,043 for the month of March 2022, up 19% from March 2021. The Tucson Main Market area had 2,066 new properties under contract in March 2022, down 6% from March 2021.

These statistics are based on information obtained from MLSSAZ and using TrendGraphix software on 03/07/2022. Information is believed to be reliable, but not guaranteed.

For February 2022, new home permits were down 21% and new home closings were down 14% from February 2021.