Tucson Real Estate Market Update - May 2024!

Whether you're serious about selling, buying, or simply just curious about the market, I'd welcome the opportunity to help you, your family, or your friends.
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Tucson, Vail, Oro Valley, Catalina Foothills, Tanque Verde, Marana, Sahuarita, Green Valley
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[@davidlynch9175]

Why didn't you show 2019 or early 2020 right before the craziness

[@MasonInTucson]

Because when we’re looking at home values and where they’ve been, we’ve now surpassed where they were during the covid years of 21019-2022. There’s nothing significant about those years when it comes to values. The significant aspects were the bidding wars we saw and experienced. Real estate since 2019 has gone up, had a slight dip in 2023, but has risen to an all time high going back 3+ decades.

[@davidlynch9175]

@MasonInTucson I appreciate your balanced presentation so nobody knows when real-estate will do, but why 2019/2020 is important is if you had bought in 2006 in Tucson, then you would had to hold your property until atleast 2019 to get your money back. A lot of things happen in 13+ years of life, like new jobs, kids, etc, so most people cant live in same house that lomg. while I agree over the long term real-estate goes up in Tucson so I do think timing is important. IMO, right now, in Tucson, it is not a good time to buy better off renting for another year.