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.

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    Agent News

    How to organize your real estate database to sell more homes

    Year-end pricing strategies: How to position your listings for maximum appeal 

    Nov 26, 2024By

    At any time of year, an effective pricing strategy can be the difference between a home that sells quickly at a desired price and one that languishes on the market for months. There’s no time when this is more apparent than at the end of the year, as holidays and family gatherings overtake the urgency […]