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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. 🟧 Search For Homes For Sale In Tucson, Arizona 👉 https://www.tucsonhomesandlots.com 🟧 Learn More About eXp Realty... Get a $15 Amazon Gift Card ➡️ https://www.whysettlefor100.com/ 💥 CONNECT with Tyler Ford on Social Media 💥 ➡️ Facebook:   / tucsonhomeandland   ➡️ Instagram:   / tylerqford   ➡️ LinkedIn:   / tylerqford   --------------------------------------------------------------------------------------------------------------------- 👋🏼 ABOUT TYLER FORD TUCSON REAL ESTATE TEAM We love to use our many resources to help our clients navigate the home-buying and selling process, and we would love to help you achieve your Real Estate goals as well! Our team is 100% committed to producing videos to showcase Tucson, Arizona! We work with clients from all over the U.S. moving to Tucson, and we ABSOLUTELY LOVE IT! Reach out to us day/night/weekends if you are moving here; we have your back!! 📞 Call/Text - 520-775.3400 ---------------------------------------------------------------------------------------------------------------- #tucsonarizona #tucson #tucsonrealtor #tucsonrealestate #livingintucson