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 / Modified may 15, 2017 11:15 a.m.

Tucson Housing Market Cools in April

Sales and sales volume went down as the market heads into its traditional busy season.
by Zachary Ziegler

Real estate house key in door hero A key in a door lock.

The number of homes sold in Tucson went down in April, according to statistics from the Tucson Association of Realtors.

A total of 1,445 homes were sold in April, compared to 1,619 in March and 1,473 in April 2016.

Sales volume also decreased. $337 million changed hands in real estate deals last month, down from $364 million the month before. Sales volume was up year-to-year though. It was $326 million in April 2016.

The head of the Tucson Association of Realtors said a one-month drop is nothing to be concerned about, considering the recent upward trend in the market.

“Our market is still very strong, especially in the $350,000-and-below market. We’re still in a seller’s market and doing well,” said TAR President Pam Ruggeroli.

She said demand for houses priced above $350,000 has also picked up in recent months.

MORE: Arizona, Business, Pima County, Economy, News, Real Estate, Tucson
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