Tucson Housing Market Update August 2024: Home Prices Declining?

Welcome to your latest Tucson, AZ, housing market update for August 2024.

In this video, we’ll examine the current trends and shifts in the Tucson, AZ, housing market for August 2024.

Despite a recent drop in Tucson, Arizona mortgage rates, buyer activity remains sluggish. The Tucson, AZ, housing market is seeing fewer buyers due to high home prices and a low mortgage application index. This drop has affected overall Tucson, AZ property trends, and we're here to break it all down.

We’ll cover essential aspects like the median home sales price, currently at $365,000, and the trends in Tucson, AZ, homes for sale. Additionally, we’ll discuss the increase in inventory and how it impacts Tucson, AZ, real estate news. Key metrics like average days on the market and percentage of list price will also be highlighted to provide a comprehensive Tucson, AZ market analysis.

▬▬ CHAPTERS ▬▬
00:00 - Intro - Tucson Housing Market Report August 2024
00:32 - Welcome to Living In Tucson, Your Tucson Real Estate Connection
01:04 - Mortgage Interest Rates
02:47 - Home Price Pullback
03:36 - Percentage of List
04:19 - Average Days On Market
05:35 - Tucson Median Home Price
06:47 - Average $QFT
08:17 - Home Inventory
10:36 - Home Price Reductions
12:55 - Tucson Home Sales
14:07 - Tucson Housing Market August 2024 Summary
15:56 - Thanks For Watching

If you’re interested in Tucson AZ real estate or just want to stay updated with the latest Tucson AZ housing trends, make sure to like, comment, and subscribe for more updates.

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